Opportunity Costs

question 9

Multiple Choice

Opportunity costs:

• A)Include both explicit and implicit costs.
• B)Include explicit and sunk costs.
• C)Include implicit, explicit and sunk costs.
• D)Include explicit costs only.
• E)Only include implicit costs.

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Definitions:

PivotChart Layout

The arrangement and visual design of elements in a PivotChart, a graphical representation of data in a PivotTable in spreadsheet software, which can be customized.

Corresponding PivotTable

A feature in spreadsheet software that automatically generates a summarizing table from a selection of data, allowing for dynamic analysis and reporting.

Insert Slicers

A feature in spreadsheet software that allows users to filter data in pivot tables or charts visually, enabling more interactive and easier analysis of large data sets.

Worksheet

In software, a single spreadsheet within a workbook; in education, a sheet of paper with exercises for students.