Which One of the Following Is/are an Example(s)of Opportunity Cost

question 68

Multiple Choice

Which one of the following is/are an example(s) of opportunity cost?

• A)quitting your job to go to university
• B)using a piece of land that you owned to build a house
• C)spending time caring for an elder in your family instead of working
• D)All of the above are examples of opportunity costs.

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Definitions:

Member Affective Needs

The emotional and psychological requirements or preferences of members within a group or organization.

Cohesion

The force that holds a group of people together, ensuring unity and solidarity.

Multidimensionality

The characteristic of having several dimensions or facets, often used to describe complex phenomena that cannot be adequately understood through a single perspective or variable.

Instrumentality

The extent to which a tool or procedure is perceived as a means to achieve an end or a particular result.