The Opportunity Cost of an Action Is

question 192

Multiple Choice

The opportunity cost of an action is

• A) the monetary payment the action required.
• B) the total time spent by all parties in carrying out the action.
• C) the value of the best opportunity that must be sacrificed in order to take the action.
• D) the cost of all alternative actions that could have been taken, added together.

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Definitions:

Data Governance

The management of data availability, usability, integrity, and security in an organization.

Data Exhaust

Passive data generated as a by-product of digital activities and interactions, often collected for analysis.

Tracking Devices

Tools or systems used to monitor the movement of objects or persons, often using GPS technology for real-time location information.

Redundancy

The inclusion of extra components not strictly necessary to functioning, in case of failure in other components.