Opportunity Costs Are

question 27

Multiple Choice

Opportunity costs are:

• A)included in inventory.
• B)foregone benefits.
• C)sunk costs.
• D)included in cost of goods sold.

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unfavorable condition strengthens a desired behavior.

Selective Attention

The cognitive process of focusing on specific stimuli while ignoring others, influencing how information is perceived and processed.

Selective Attention

The cognitive process of focusing on certain stimuli in the environment while ignoring others.

Perception

The process by which individuals organize and interpret sensory information to give meaning to their environment.