What Does It Mean That People Often Form Opinions on the Spot

question 42

Multiple Choice

What does it mean that people often form opinions on the spot?

• A) Those opinions have essentially no meaning to the people who profess them.
• B) People rely very heavily on their principles in formulating opinions.
• C) People are sensitive to, and form their opinions based on, what they have recently
• Seen or heard.
• D) Their opinions are ill-informed and therefore are not counted in surveys.
• E) We can only really tell what people believe by using sophisticated survey techniques.

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Definitions:

Opportunity Cost

The potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Opportunity Cost

The foregone benefit that would have been derived by an option not chosen.

Alternative Action

Potential different courses of action considered in a decision-making process.

Processed Further

A term used in cost accounting to describe materials or products that are subjected to additional operations or stages of processing beyond the initial production stage.