Which of the Following Statements Is FALSE About Opportunity Cost

question 147

Multiple Choice

Which of the following statements is FALSE about opportunity cost?

• A)Cost is always foregone opportunity.
• B)Opportunity cost is the next best alternative.
• C)John wants a burger and fries. The concept of opportunity cost applies even though he has enough funds to buy both.
• D)Opportunity cost exists only for goods with monetary values.

Identify the four contextual variables influencing organizational design success.

Recognize different classifications of technology and their implications on organizational processes.

Interpret strategies for organizational size reduction and their effects.

Analyze structural configurations proposed by Mintzberg and their coordination methods.

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Party's Ability

The capacity or competence of a person or group to perform or achieve certain actions or outcomes.

Legally Enter

To gain access or admission in accordance with the law, often referred to in the context of immigration or property access.

Living Will

Advance directive; a document, written in advance, that states the patient’s wishes regarding end-of-life care.