What Is an Opportunity Cost

question 15

Multiple Choice

What is an opportunity cost?

• A)The difference in total costs which results from selecting one choice instead of another.
• B)The profit forgone by selecting one choice instead of another.
• C)A cost that may be saved by not adopting an alternative.
• D)A cost that may be shifted to the future with little or no effect on current operations.

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Definitions:

Cooing

A soft murmuring or cooing sound, often associated with infants as an early form of vocalization.

Visual Recognition Memory

The kind of memory shown in an infant’s ability to discriminate previously seen objects from novel objects.

Verbal Expression

The ability to convey thoughts, feelings, or information through spoken language, involving a wide range of vocabulary and grammatical structures.

Consonants

Speech sounds produced by obstructing the flow of air at one place or another along the path of the airflow from the vocal folds.