OR Logic Is Similar to Placement in Series, as All

question 14

True/False

OR logic is similar to placement in series, as all series devices must pass continuity before the outcome is allowed to happen.

---

Definitions:

Opportunity Costs

The cost of opting for one alternative over another, typically representing the benefits one misses out on when choosing a particular option.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision.

Sunk Costs

Costs that have already been incurred and cannot be recovered or altered, and thus should not affect future business decisions.