The Opportunity Cost of Any Action Is

question 66

Multiple Choice

The opportunity cost of any action is

• A) all the possible alternatives given up.
• B) the highest-valued alternative given up.
• C) the benefit from the action minus the cost of the action.
• D) the dollars the action cost.

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Definitions:

O*NET

The Occupational Information Network, a free online database that provides detailed descriptions of the world of work for use by job seekers, workforce development, and HR professionals.

Interest Inventories

Assessments designed to evaluate an individual's preferences, passions, and areas of interest, often used in career planning.

Occupational Fit

The degree to which a person's skills, interests, and personal traits align with the demands and rewards of a given career.

General Occupational Themes

These themes refer to broad categories of vocational interests used to guide individuals in identifying careers that align with their interests and strengths.