Opportunity costs arise when the choice of one course of action eliminates the possibility of another course of action
Indicate whether the statement is true or false
T
You might also like to view...
In 2001, the number of people in the working-age population in a country increased from 212.6 million to 215.1 million, while the labor force increased from 141.5 million to 142.3 million. By how much did the labor-force participation rate change?
A. ?0.4 percentage point B. ?0.2 percentage point C. 0.0 percentage point D. 0.2 percentage point
________________ structures, such as the IRS or the Motor Vehicle Bureau, tend to follow a chain of command with decision making and power lying firmly at the top.
What will be an ideal response?
Total quality management applies when the firm's product is a physical good, but not when it is a service.
Answer the following statement true (T) or false (F)
Which of the following are critics of advertising likely to state as a reason for marketers to engage in deceptive advertising?
A. The National Advertising Review Council does not regulate deceptive advertisements. B. Most products in the market are not of good quality. C. Unlike other unethical practices, deceptive advertising has no legal implications. D. Studies have found that deceptive advertisements increase sales drastically. E. Advertisers usually present only information that is favorable to their position.