You Are Considering Your Housing Options for Next Semester

question 27

Multiple Choice

You are considering your housing options for next semester. The cost of a dorm room and the cost of an apartment are the same. You paid a $50 non-refundable deposit to live in the dorm last year. This deposit is an example of a(n) :

• A) opportunity cost.
• B) relevant cost.
• C) sunk cost.
• D) avoidable cost.

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Definitions:

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The highest level of academic degree awarded by universities, signifying expert knowledge in a specific field.

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Physical or psychological signs of anxiety, including restlessness, heart palpitations, and excessive worry.

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Often considered the father of modern psychology, he established the first psychology laboratory in Leipzig, Germany, in 1879.