An opportunity cost is the cost of not doing something.

Answer the following statement true (T) or false (F)


True

An opportunity cost is the foregone benefit of the path not taken, that is, the cost of not doing something.

Business

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What can be done to soften unexpected bad news?

A) It can be followed by reasons for the bad news. B) It can be written using "you" language. C) It can be implied, allowing the receiver to guess at the bad news. D) It can be placed later in the message. E) It can be apologized for.

Business

According to Polanyi (1983) the knowledge you actually use as you do things, like ride a bike or read a book, is referred to as __________.

a. Explicit knowledge b. Tacit knowledge c. Know how d. Procedural knowledge

Business

Mythic Games Company employs two hundred workers full-time. If Mythic Games plans to have a mass layoff, it must provide its employees with at least

a. thirty days of notice. b. sixty days of notice. c. ninety days of notice. d. one year of notice.

Business

An informal communications network is known as a

A. memo. B. company newspaper. C. chain of command. D. grapevine. E. bulletin board.

Business