The Benefit Foregone by NOT Choosing an Alternative Course of Action

question 84

Multiple Choice

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

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

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Definitions:

Team Performance

The extent to which a team meets its objectives, characterized by factors such as efficiency, quality of work, and achievement of goals.

Conflict Detrimental

Situations where disagreement or discord has a negative impact on performance or relationships.

Task Conflict

A situation in which there are disagreements or differences of opinion among group members regarding the content and outcomes of the task being performed.

Member Satisfaction

The level of contentment experienced by individuals who are part of an organization or group, often influenced by their experiences and expectations.