Observing the Movement of Workers Packing Shipment Boxes Is an Example

question 46

Multiple Choice

Observing the movement of workers packing shipment boxes is an example of what type of observation?

• A) mall interception
• B) verbal behavior
• C) physical actions
• D) expressive behavior

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Definitions:

Opportunity Cost

The omission of possible gains that could come from different options when one is preferred.

Comparative Advantage

The competence of an individual, firm, or nation to forge a good or render a service with a lower forfeited opportunity compared to others in the market.

Productivity

A measure of the efficiency of production, usually defined as the ratio of outputs produced to inputs used.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choosing one option over another.