The Nifty Gum Co

question 9

Multiple Choice

The Nifty Gum Co.has purchased a large parcel of land for $1 million.The company recently discovered that the land is contaminated and is worthless to all possible buyers.The opportunity cost of the land is

• A)$0.
• B)$1 million.
• C)some amount greater than $0 but less than $1 million.
• D)equal to the cost of the factory that was planned to be built there.

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Definitions:

Health & Safety

Policies, procedures, and regulations designed to protect individuals from risks and hazards in the workplace and environments.

Accident Report

An official document recording the details and circumstances of an accidental incident, often for purposes of safety and prevention.

Low-context Cultures

Cultures where people communicate explicitly, relying less on context, nonverbal cues, and background knowledge to understand each other.

Direct Approach

A straightforward method of communication, where the main point is presented at the beginning.