What Is the Term for What You Give Up to Get

question 81

Multiple Choice

What is the term for what you give up to get an item?  

• A) explicit cost 
• B) direct cost 
• C) true cost 
• D) opportunity cost

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Definitions:

Hypotheses

Proposed explanations or predictions for specific phenomena, typically based on limited evidence, to be tested through further investigation.

Tentative Explanations

Preliminary hypotheses or guesses made to explain a phenomenon, subject to further confirmation or refutation.

Scientifically Tested

The evaluation or investigation of a hypothesis, theory, or product through rigorous and controlled experiments to establish its validity or efficacy.

Theories

Systematically organized knowledge applicable in a relatively wide variety of circumstances, especially a system of assumptions, accepted principles, and rules of procedure to analyze, predict, or otherwise explain the nature or behavior of a specified set of phenomena.