_____ Are Raw Facts That Describe a Particular Phenomenon

question 31

Short Answer

_____ are raw facts that describe a particular phenomenon.

---

Definitions:

Benefit

An advantage or profit gained from something.

Foregone Benefit

The lost potential gain from other alternatives when one alternative is chosen.

Alternative Cost

Also known as opportunity cost, it represents the benefit that is missed or given up when choosing one alternative over another.

Comparative Cost

Analyzing and comparing the costs of different business strategies or production methodologies to identify the most effective option.