How Are Changes in Opportunity Cost Related to Decision-Making Behavior

question 37

Multiple Choice

How are changes in opportunity cost related to decision-making behavior?

• A) The lower the opportunity cost of doing an activity X, the more likely activity X will be done.
• B) The higher the opportunity cost of doing activity X, the more likely activity X will be done.
• C) Changes in the opportunity cost play no role in decision-making.
• D) The lower the opportunity cost of doing activity Y, the more likely activity X will be done.
• E) The higher the opportunity cost of doing activity Y, the less likely activity X will be done.

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Definitions:

Long-Term Technical Norms

Established standards and practices in technology that sustain over an extended period.

Task Support

The assistance or resources provided to help complete a specific task or achieve a goal.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of an organization, influencing its members' behavior and attitudes.

External Behavior

Actions or reactions exhibited by an individual that are observable by others, reflecting a response to the surrounding environment.