Which of the Following Best Defines an Opportunity Cost

question 21

Multiple Choice

Which of the following best defines an opportunity cost?

• A) The difference in total costs from selecting one alternative instead of another.
• B) The benefit forgone by selecting one alternative instead of another.
• C) A cost that may be saved by NOT adopting an alternative.
• D) A cost that may be shifted to the future with little or no effect on current operations.

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Definitions:

Dating Success

Outcomes or achievements in dating scenarios that meet the desired goals or expectations of the individuals involved.

Awkward Behaviours

Actions or mannerisms that are considered socially uncomfortable, clumsy, or not smoothly executed.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture.

Prejudice

A preconceived opinion or judgment, often based on insufficient knowledge, irrational feelings, or stereotypes, towards individuals or groups.