Which of the Following Is Not an Example of the Opportunity

question 16

Multiple Choice

Which of the following is not an example of the opportunity cost of going to school?

• A)The money a student could have earned by working if he had not gone to college.
• B)The nap a student could have enjoyed if he had not attended class.
• C)The party a student could have enjoyed if he had not stayed in to study for his exam.
• D)The money a student spends on rent for his apartment while attending school.

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Definitions:

Processing Time

The amount of time required to complete a specific task or operation in a manufacturing or processing environment.

Lot-For-Lot

An inventory management technique where the order quantity matches the exact demand for the upcoming period.

EOQ Lot-Sizing

A quantitative model used in inventory management for determining the optimal order quantity that minimizes total inventory costs.

Gross Requirements

The total demand for a product or component before taking into account inventory on hand or any scheduled receipts.