The Opportunity Cost of Any Business Decision Is

question 15

Multiple Choice

The opportunity cost of any business decision is

• A)accounting cost divided by the level of output.
• B)the cost per unit of output.
• C)the cost of the next best alternative.
• D)the cost of doing business in the future.

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Definitions:

Oncogene

A gene that has the potential to cause cancer, usually by being mutated or expressed at high levels.

Tumor Cell

A cell that has undergone genetic changes enabling it to divide uncontrollably and possibly lead to cancer.

Checkpoint Gene

A gene that regulates cell cycle checkpoints to ensure cells do not divide unless certain conditions are met, playing a key role in preventing cancer.