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With reference to enthalpy changes, the term standard conditions means ________. (a) P = 1 atm
(b) some common temperature, usually 298 K
(c) V = 1 L
Opportunity Cost
The cost of the next best alternative that is forgone when making a decision.
Scenario 1-5
A series of hypothetical or planned situations used for strategic planning, decision making, or analysis, labeled numerically for differentiation.
Working
Engaging in a physical or mental activity to achieve an objective, often to earn an income.
Opportunity Cost
The loss of potential gain from other alternatives when one particular option is chosen over others.
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