If Harry Inc

question 93

Multiple Choice

If Harry Inc.doesn't use one of its limited resources in the best possible way, the lost contribution to income could be called

• A)an alternative cost.
• B)a total alternative cost.
• C)an opportunity cost.
• D)a resource cost.
• E)a constraining factor.

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Definitions:

Professional Conduct

Ethical and professional standards expected of professionals, including adherence to laws, regulations, and practices that define acceptable behavior in their respective fields.

Professional Misconduct

Inappropriate or unethical behavior by a professional as defined by their profession's standards.

Malpractice

Failure of a professional to perform their duties to the required standard of care, resulting in harm to their client or patient.

Due Care

The level of judgment, attention, and diligence reasonably expected from, and ordinarily exercised by, a person under a particular circumstance.