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:

Self-Fulfilling Prophecy

A belief or expectation that influences behaviors in a way that causes the belief to become a reality.

Projection

A defense mechanism where an individual ascribes their own unacceptable thoughts, feelings, or motives to another person.

Social Responsibility

The duty of individuals, organizations, or governments to act in a manner that benefits society at large, beyond their own interests.

Monitoring System

A tool or set of tools designed to track performance, activities, or conditions for the purpose of detecting changes or managing control.