The Benefit Foregone by Not Choosing an Alternative Course of Action

question 123

Multiple Choice

The benefit foregone by not choosing an alternative course of action is referred to as a(n) :

• A)opportunity cost.
• B)sunk cost.
• C)variable cost.
• D)incremental cost

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Definitions:

Oxygen Cannula

A medical device used to deliver supplemental oxygen or airflow to a patient or individual in need of respiratory help.

Urinary Catheter

A tube inserted into the bladder to provide a continuous flow of urine when a patient is unable to urinate naturally.

Restless

An inability to remain still or at ease, often due to nervousness, boredom, or anxiety.

Bioterrorism Attack

The deliberate release of viruses, bacteria, or other germs to cause illness or death in people, animals, or plants.