The Night Before a Midterm Exam, You Decide to Go

question 342

Multiple Choice

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

• A) 10 percent off your grade
• B) 60 percent
• C) 70 percent
• D) zero

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Definitions:

Transition Risk

The potential challenges and uncertainties that arise during changes in business processes, leadership, or operational models.

HR Professionals

Individuals specialized in Human Resource Management, focusing on recruiting, managing, and directing personnel within an organization.

Outsider

An individual or entity that is not part of a specific group, organization, or community.

Shareholders

Individuals or institutions that legally own one or more shares of stock in a public or private corporation, giving them a share of ownership in the company.