Opportunity Costs Are

question 37

Multiple Choice

Opportunity costs are

• A)not used for decision making.
• B)the same as variable costs.
• C)the same as historical costs.
• D)relevant to decision making.

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Definitions:

Alcoholic

An individual who suffers from alcoholism, the physical and psychological dependence on alcohol, leading to severe health, social, and personal issues.

Systematic Desensitization

A therapeutic technique used to reduce phobia or anxiety responses by gradually exposing the person to the feared object or situation in a controlled manner.

Anxiety Hierarchy

A list of situations that provoke anxiety arranged in order from least to most anxiety-inducing, used in systematic desensitization therapy.

Deep Relaxation

A profound state of physical and mental calm achieved through techniques such as meditation, deep breathing, or yoga.