The Opportunity Cost of a Particular Activity

question 151

Multiple Choice

The opportunity cost of a particular activity

• A)must be the same for everyone
• B)is the value of all alternative activities that are forgone
• C)has a maximum value equal to the minimum wage
• D)varies from person to person
• E)can usually be known with certainty

---

Definitions:

Sales Force

A dedicated team or group within a company responsible for conducting sales and building relationships with prospects and customers to drive revenue.

Market Conditions

The state of the economy and the conditions of the business and consumer sectors that influence supply, demand, and pricing.

Equalized Workload Method

A market-based sales force sizing approach in which sales managers use sales-activity calculations to determine proper staffing levels.

Incremental Productivity Method

A technique for measuring the additional output produced as a result of an increase in a specific input, often used in evaluating employee or process efficiency.