A Firm's Opportunity Cost of Using Resources Provided by the Firm's

question 17

Multiple Choice

A firm's opportunity cost of using resources provided by the firm's owners is called:

• A) sunk costs.
• B) fixed costs.
• C) explicit costs.
• D) implicit costs.

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Definitions:

Maladaptive

Behaviors or thoughts that inhibit an individual's ability to adjust healthily to particular situations.

Totally Conscious

Being fully aware and responsive to one's surroundings and mental processes.

Manipulative

Describing behavior that is skilful at influencing or controlling others to one's own advantage, often in a deceitful or unfair way.

Intellectualization

Intellectualization is a defense mechanism where reasoning is used to block confrontation with an unconscious conflict and its associated emotional stress.