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Which of the following statements is false concerning student records and privacy rights?
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
After Tax Profits
The net income a company retains after all its tax obligations have been settled.
Expected Cost
The forecasted cost of an action or decision, taking into account all known risks and uncertainties.
Expected Value
A statistical concept that calculates the average outcome of a random event when the process is repeated many times.
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