If Someone Accepts a Job in Seattle as a Financial

question 132

Multiple Choice

If someone accepts a job in Seattle as a financial analyst, he must give up the chance to accept a similar job in Australia. Giving up the job in Australia is his

• A) allocative cost.
• B) opportunity cost.
• C) production cost.
• D) cost factor.

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Definitions:

Practical Intelligence

A form of intelligence that involves the ability to solve everyday problems through efficient, often automatic, execution of tasks.

Overall Success

Relates to the cumulative positive outcomes or achievements across multiple areas or aspects of an endeavor or individual's life.

Business Success

The achievement of goals and objectives set by a business, often measured by financial performance, market share, or growth.

Forms of Intelligence

Various ways in which intelligence can manifest, including linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.