If You Own a Building and You Decide to Use

question 153

Multiple Choice

If you own a building and you decide to use that building to open a restaurant,

• A)there are no sunk costs involved in this decision.
• B)there is no opportunity cost of using this building for a restaurant because you own it.
• C)the only cost relevant to this decision is the price you paid for the building.
• D)there is an opportunity cost of using this building for a restaurant because it could have been used in other ways.

---

Definitions:

Final Stage

The last phase in a process or condition, often referring to terminal stages of diseases or projects nearing completion.

Communication Style

The characteristic ways in which an individual expresses themselves verbally and non-verbally during interpersonal interactions.

Notes

Written reminders, observations, or recordings of information, commonly used in academic, personal, and professional contexts.

Visual

Pertaining to sight or the ability to see; related to the processing of visual information.