The Night Before a Midterm Exam, You Decide to Go

question 120

Multiple Choice

The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 per cent on your exam. If you had studied the night before, you'd have scored 70 per cent. What was the opportunity cost of your evening at the movies?

• A) 60 per cent off your grade
• B) 10 per cent off your grade
• C) 70 per cent off your grade
• D) Zero.

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Definitions:

Landrum-Griffin Act

A 1959 United States federal law that regulates labor unions' internal affairs and their officials' relationships with employers.

Labor-Management Reporting

The process and documentation of interactions and negotiations between labor unions and management, including the outcomes of collective bargaining.

Unethical Behaviors

Actions that go against moral principles in the workplace, such as discrimination, bribery, or exploitation.

Statutory Law

Law established through legislation passed by governmental bodies, as opposed to common law or regulatory law.