The Cost of a Resource That May Be Relevant to an Investment

question 76

Multiple Choice

The cost of a resource that may be relevant to an investment decision even when no cash changes hand is called a(an) :

• A)sunk cost.
• B)opportunity cost.
• C)depreciation cost.
• D)average cost.

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Definitions:

Sociocultural Needs

Refers to the requirements that are essential for an individual's social and cultural well-being and fulfillment.

Spiritual Needs

The aspects of life that pertain to an individual's sense of purpose, faith, hope, and connection to others and the universe.

Compulsions

Actions or thoughts that a person feels compelled to repeat due to an obsession or strict rules that need to be followed exactly.

Repetitive Behaviors

Actions that are performed over and over again, often compulsively, which can be a characteristic of various psychological conditions.