Which of the Following Statements About Opportunity Cost Is FALSE

question 71

Multiple Choice

Which of the following statements about opportunity cost is FALSE?

• A) Opportunity cost may be larger than monetary cost.
• B) Opportunity cost includes both explicit and implicit costs.
• C) The real or opportunity cost of something is what you must give up to get it.
• D) Opportunity cost is synonymous with explicit cost.

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Definitions:

Indirect Approach

A communication technique in which the main point or message is presented after providing background information and supporting details.

Disrespectful

Showing a lack of respect or courtesy; impolite or rude behavior or speech.

Unethical

Actions or behavior that violate moral principles or universally recognized standards of right and wrong.

Indirect Approach

A communication or problem-solving strategy that is subtle and not straightforward, often involving suggestion rather than direct statement.