Opportunity Cost Is the Equivalent Of

question 45

Multiple Choice

Opportunity cost is the equivalent of:

• A)explicit cost.
• B)implicit cost.
• C)economic cost.
• D)sunk cost.

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Definitions:

Peer-Review Boards

Committees made up of employees who review decisions or actions (such as disputes or grievances) within an organization, offering a form of internal oversight.

Fast-Track

A process or program designed to speed up employee development or career advancement, often by providing intensive training and opportunities.

Vice-President

A high-ranking executive officer in a company or organization, typically ranking just below the president and often responsible for a specific department or division.

Discriminatory

Behaviors or practices that unfairly single out individuals or groups for differential treatment based on factors such as race, gender, age, or sexual orientation.