(CMA)What Is the Opportunity Cost of Making a Component Part

question 38

Multiple Choice

(CMA) What is the opportunity cost of making a component part in a factory given no alternative use of the capacity?

• A)The variable manufacturing cost of the component.
• B)The total manufacturing cost of the component.
• C)The total variable cost of the component.
• D)Zero

Assess the importance of operationalization and measurement in sociological research.

Understand the principles of experiment design, including randomization and control, in establishing causality.

Recognize issues of generalizability, validity, and reliability in sociological research.

Understand the basic concepts and terminologies used in survey research.

---

Definitions:

Definite Acceptance

Definite Acceptance refers to an unambiguous agreement by the offeree to meet the terms of the offer, forming a binding contract.

Material Terms

essential and significant conditions and clauses in a contract that are so important that any breach of them would justify the termination of the contract.

Termination

The act of ending an employment relationship or contract, either voluntarily by resignation or retirement, or involuntarily by dismissal or layoff.

Specific Intent

Specific intent entails a particular mental state in which a person engages in an act with a specific purpose or objective in mind.