A Good or Service That Is Forgone by Choosing One

question 134

Multiple Choice

A good or service that is forgone by choosing one alternative over another is called a(n) :

• A) explicit cost.
• B) opportunity cost.
• C) historical cost.
• D) accounting cost.

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Definitions:

Severe Depression

A significant mental health condition featuring persistent sadness, lack of interest in activities, and a variety of physical and cognitive symptoms, influencing the quality of life.

Anxiety Disorders

A group of mental health disorders characterized by significant and persistent worry and fear about everyday situations, often leading to physical symptoms.

High Neuroticism

A personality trait characterized by a tendency to experience negative emotions, such as anger, anxiety, or depression, more frequently and intensely than others.

Low Conscientiousness

Refers to individuals who tend to be less diligent, organized, and reliable compared to those with high conscientiousness.