_______ Refers to Determining Who Is Responsible for Actions That

question 18

Multiple Choice

_______ refers to determining who is responsible for actions that were taken.

• A) Accountability
• B) Due process
• C) Liability
• D) Responsibility

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Definitions:

Marginal Analysis

An approach in economics that involves examining the consequences of adding to or subtracting from the current situation.

Opportunity Cost

Foregoing the opportunity for advantages from different choices by opting for a specific one.

Monetary Cost

Monetary cost refers to the total amount of money that is spent to purchase goods or services.

Opportunity Cost

The benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.