Opportunity Cost Is

question 76

Multiple Choice

Opportunity cost is:

• A) zero for the use of a free combo meal offer.
• B) the dollar payment for a product.
• C) the benefit derived from a product.
• D) the value of the best alternative forgone in making any choice.

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Definitions:

Satisfactory Benefits

Perks or compensations provided by employers that meet or exceed the expectations of employees, contributing to job satisfaction and retention.

Resources

Available assets or inputs (like time, money, labor) that can be utilized to achieve goals or operations.

External Constraint

Factors outside an organization or individual that limit or influence actions and decisions.

Budgetary Requirements

encompass the financial resources needed to support an activity, project, or organization, including estimates of income and expenditures.