Which of the Following Is NOT a Cabinet Department

question 25

Multiple Choice

Which of the following is NOT a cabinet department?

• A)Education
• B)Energy
• C)Peace Corps
• D)Homeland Security
• E)Transportation

Distinguish between different types of costs and their relevance to economic decision-making.

Apply the principle of marginal analysis to determine optimal levels of activity.

Understand the role of opportunity cost in comparing the value of alternate choices.

Recognize the importance of opportunity costs in resource allocation in both personal and organizational contexts.

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Definitions:

Service

The act of providing assistance, work, or information to fulfill the needs or requirements of others.

Concept

An abstract idea or a general notion that exists in the mind as a result of mental understanding, awareness, or activity.

New-To-The-Market Products

Inventions that have never before been seen and create a new market.

Repositioned Products

Products that have been marketed or modified to appeal to new demographics or market segments.