Which of the Following Is True of an Opportunity Cost

question 155

Multiple Choice

Which of the following is true of an opportunity cost?

• A) It is the income foregone by not using a resource in an alternative way.
• B) The higher the opportunity costs, the lower is the relevant cost.
• C) It is recorded as an expense in the accounting records.
• D) It is an unavoidable cost that cannot be changed no matter what action is taken.

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Definitions:

Title VII

A segment of the 1964 Civil Rights Act that bars discrimination in the workplace on the grounds of race, skin color, faith, gender, or national background.

Civil Rights Act of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Prima Facie

Latin for "at first sight"; evidence that is sufficient to prove a case unless disproven by contrary evidence.

Disparate-Impact

A theory in employment law indicating policies that are neutral in language but discriminatory in effect, affecting one group more harshly than another.