Opportunity Cost

question 42

Multiple Choice

Opportunity cost:

• A)is useful when discussing the allocation of resources.
• B)refers to a next-best alternative that is not chosen when making decisions.
• C)can be used to measure the cost of something without using monetary prices.
• D)is all of the above.
• E)statements A)and B)only.

Recognize the purposes of business messages, including informing, persuading, and promoting goodwill.

Learn how to orient messages for the audience by understanding their perspective and anticipating their reactions.

Grasp the significance of meaning in the communication process and the role of feedback in ensuring message comprehension.

Know the stages of the writing process and the importance of spending sufficient time on each phase.

---

Definitions:

Performance Appraisal

Is the process of formally evaluating performance and providing feedback to a job holder.

Conflict Resolution

The removal of the substantial and/or emotional reasons for a conflict.

Underlying Cause

The fundamental reason or root cause that gives rise to a situation, problem, or symptom, often hidden or not immediately apparent.

Latent

Present but not currently active or visible; existing as potential.