The Opportunity Cost of Doing or Getting Something Is Best

question 99

Multiple Choice

The opportunity cost of doing or getting something is best and fully defined as:

• A) The difference between the marginal cost and benefit of doing something
• B) The materials used in doing or getting something
• C) The value of the best alternative that is given up in order to do or get something
• D) The money spent in doing or getting something

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Definitions:

Overall Service

A general term that could refer to the comprehensive quality and efficiency of service provided by a business or organization to its customers.

Pie Chart

A circular chart divided into sectors, each representing a proportion of the whole.

Proportion

The fraction or percentage of a total that is accounted for by a specific group, characteristic, or outcome.

Business School Graduates

Individuals who have completed a degree program at a business school, typically specializing in business administration or management.