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A community hires a researcher to determine whether a community center would be a benefit, in terms of reducing delinquency, promoting community service, and developing networks. To provide an answer, the researcher would conduct what sort of evaluation on community services?
Opportunity Costs
The forfeiture of possible benefits from other options when selecting a specific choice.
Financial Investment
The purchase of a financial asset (such as a stock, bond, or mutual fund) or real asset (such as a house, land, or factories) or the building of such assets in the expectation of financial gain.
Certificate of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.
Opportunity Costs
The value of the best alternative that must be foregone as a result of choosing a particular option.
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