Which Factor Is NOT Considered Part of the Sociocultural Context

question 71

Multiple Choice

Which factor is NOT considered part of the sociocultural context?

• A) neighborhood
• B) societal values
• C) historical era
• D) genes

---

Definitions:

Total Opportunity Cost

The overall cost of choosing one option when the value of the best alternative option is considered.

Total Carrying Costs

The total expenses associated with holding inventory, including storage, insurance, taxes, and opportunity costs.

Optimal Amount

The most efficient, beneficial, or effective quantity of a resource, investment, or input to achieve a specific objective.

5 C's of Credit

The 5 C's of Credit refer to the five key factors that lenders consider when evaluating a borrower's creditworthiness: character, capacity, capital, collateral, and conditions.