Opportunity Costs Are

question 103

Multiple Choice

Opportunity costs are

• A)considered to be fixed costs in the short-term.
• B)another term for sunk costs.
• C)costs that are controlled by most effective managers.
• D)the value of benefits forgone when one decision alternative is selected over another.

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Definitions:

Labelling Theory

A sociological perspective asserting that labeling individuals or groups can lead to fulfillment of the label, affecting self-identity and behavior.

Deviance

Behaviors or actions that violate societal norms or values, leading to negative social reactions.

Official Statistics

Quantitative data collected and published by government agencies or other official organizations, often used for analysis and policy-making.

Suite Crime

A term not traditionally recognized in academic or professional fields, potentially referring to crimes committed within business or hotel suites. NO.