Which of the Following Is Irrelevant When Deciding Whether to Undertake

question 93

Multiple Choice

Which of the following is irrelevant when deciding whether to undertake an action?

• A)opportunity costs
• B)implicit costs
• C)sunk costs
• D)implicit costs and explicit costs
• E)fixed costs and implicit costs

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Definitions:

Illness Anxiety Disorder

A chronic condition characterized by excessive worry about having a serious, undiagnosed medical illness despite few or no symptoms.

Cognitive-Behavioral

A therapeutic approach that addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes through a number of goal-oriented, explicit systematic procedures.

Malingering

Intentionally faking illness to achieve some external gains, such as financial compensation or military deferment.

Financial Compensation

Payment provided to individuals or groups as restitution for loss, injury, or suffering.