Having a Positive Outlook Can Affect Your

question 21

Multiple Choice

Having a positive outlook can affect your:

• A)performance.
• B)confidence.
• C)health.
• D)energy level.
• E)all of the above

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Definitions:

Variable Costs

Costs that change in proportion to the good or service that a business produces.

Fixed Costs

Expenses that do not change with the amount of goods or services produced by a business.

Sunk Costs

Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.

Opportunity Costs

The missed opportunity to benefit from different options when a single choice is made.