Opportunity Cost Refers to

question 90

Multiple Choice

Opportunity cost refers to

• A) money needed for major consumer purchases.
• B) what you give up or forego as a result of making a decision.
• C) the amount paid for taxes when a purchase is made.
• D) evaluating different alternatives for financial decisions.

---

Definitions:

Batteries

Electrochemical cells that store energy and release it in the form of electricity, used as a power source in many electronic devices and vehicles.

SAE Relay

A relay standardized by the Society of Automotive Engineers, designed for automotive electrical applications.

Control Circuit

Used in reference to both cranking systems and air brake systems. In a cranking system, it is the low-current switching circuit that connects the ignition switch with the magnetic switch. In an air brake system, it defines low-volume pilot air signals that are used to activate high-volume slave circuits.

Terminals

Terminals refer to the points at which electrical connections are made to a circuit, device, or a battery, facilitating the transfer of electrical power or signals.