Which of the Following Statements Is FALSE About Opportunity Cost

question 147

Multiple Choice

Which of the following statements is FALSE about opportunity cost?

• A)Cost is always foregone opportunity.
• B)Opportunity cost is the next best alternative.
• C)John wants a burger and fries. The concept of opportunity cost applies even though he has enough funds to buy both.
• D)Opportunity cost exists only for goods with monetary values.

Recognize the importance of working capital management in the context of project completion and its release for use elsewhere.

Understand the objectives and components of effective compensation systems.

Recognize common challenges in adjusting employee compensation and identify methods to resolve them.

Describe various job pricing and job evaluation methods.

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Definitions:

Receptive

Open and willing to consider or accept new suggestions or ideas.

Negatively

In a harmful, unfavorable, or pessimistic manner that detracts from the positive.

Emotional

Relating to feelings, moods, and emotional states, and the impact they have on behavior and thought processes.

Controversial

Marked by or capable of causing debate or disagreement among people.