The Contribution Is Also Known as the Internal Opportunity Cost

question 8

True/False

The contribution is also known as the internal opportunity cost, and reflects the cost of using the resource within the organisation itself due to competing opportunities.

---

Definitions:

Independent Samples

Two or more groups of data that are collected from unrelated or non-paired subjects.

Population Means

The average value of a particular characteristic across the entire population.

State Supported Facilities

Institutions or properties that receive financial support from a government entity to carry out certain functions or services.

Privately Owned Facilities

Facilities or infrastructure that are owned by individuals or corporations rather than by the government or public entities.