What Is the Opportunity Cost of an Item

question 92

Multiple Choice

What is the opportunity cost of an item?  

• A) the number of hours needed to earn money to buy it 
• B) what a person gives up to get the item 
• C) usually more than the dollar value of the item 
• D) usually less than the dollar value of the item

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Definitions:

Out-group

Members of a group who do not feel included or identified with the core group, often receiving less of the leader’s attention and resources.

In-group Members

Individuals who are considered part of a specific group or category, often receiving preferential treatment or access to resources within that group.

Average Leadership Style

This could refer to a median or typical approach to leadership that incorporates various common practices, though it is not a standard term in leadership studies. NO.

Collective Way

An approach emphasizing the importance of group goals and collective action in achieving outcomes.