Which of the Following Would Be Categorized as an Opportunity

question 187

Multiple Choice

Which of the following would be categorized as an opportunity cost? a. not being able to spend your $10,000 savings if you sink the money in your business
B. the cost of purchasing supplies for your house-cleaning business
C. the cost of purchasing auto insurance for your dry-cleaning delivery business

• A) a only
• B) a and c only
• C) b and c only
• D) all of the above

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Definitions:

Stupidity

A blunt term often used to describe a lack of intelligence, understanding, or foresight.

Experimental Psychology

A branch of psychology that studies the mind and behavior by using experimental methods.

Humanism

An outlook or system of thought attaching prime importance to human rather than divine or supernatural matters, emphasizing common human needs and seeking rational ways of solving human problems.

Cognitive

Pertains to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.