The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):
A. Out-of-pocket cost.
B. Differential cost.
C. Opportunity cost.
D. Sunk cost.
E. Alternative cost.
Answer: C
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The chief executives of Swiss Swatch Group and Japanese Canon would like to:
A) outsource all of the manufacturing units overseas in order to save money. B) outsource a majority of the manufacturing functions overseas. C) retain a majority, if not all, of the manufacturing in their home country. D) establish "call centers" in developing countries in order to save labor costs. E) outsource a full line of new products only.
Which of the following is not a good use for a college dictionary?
A) find the definition of a word B) understand the usage of a word C) find out the etymology of a word D) find out the preferred spelling of a word E) answer a grammar question
The existence of financial intermediaries greatly increases the efficiency of financial markets because, without them, savers would have to provide funds directly to borrowers, which would be a costlier process.
Answer the following statement true (T) or false (F)
An agency can make rules that are as legally binding as laws passed by Congress.?
Indicate whether the statement is true or false