The Opportunity Cost of an Item Is

question 107

Multiple Choice

The opportunity cost of an item is

• A)the number of hours needed to earn money to buy the item.
• B)what you give up to get that item.
• C)usually less than the dollar value of the item.
• D)the dollar value of the item.

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Definitions:

Adaptability

The ability of an individual or organization to change or adjust effectively to new conditions or environments.

Physical Abilities

The physical capacity to perform tasks or activities, often considered in the context of job requirements or athletic performance.

Reference Checks

The process of contacting previous employers, educators, or other references to verify a job applicant's credentials and assess their suitability for a role.

Misrepresentation

The act of deceitfully presenting false information as the truth or misleading someone about the characteristics or nature of something.