An Example of a Personal Opportunity Cost Would Be

question 43

Multiple Choice

An example of a personal opportunity cost would be:

• A)lost wages due to continuing as a full time student
• B)higher earnings on savings that must be kept on deposit a minimum of six months.
• C)time comparing several brands of personal computers
• D)Interest lost by using savings to make a purchase
• E)having to pay a tax penalty due to not having enough withheld from your monthly salary.

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Definitions:

Risk Of Loss

A legal principle determining who bears the financial burden if goods are damaged, destroyed, or lost during a transaction.

Types Of Title

Distinct legal rights to own, use, and manage property, including full ownership and leasehold.

Risk Of Loss

Refers to the legal responsibility for the damage, destruction, or loss of property, which can shift from seller to buyer under various conditions in a sale.

UCC Provisions

Refers to the rules and regulations found in the Uniform Commercial Code, which governs commercial transactions in the United States.