The opportunity cost in the scenario above is the three lost possibilities, Harry could have undergone but decided to go to his parents house.
- Hid plans to paint his flat that weekend.
- He considered also going fishing for the weekend.
- Hi friend Theo request to the surprise birthday reception for another friend.
<h3>What is the opportunity cost in the scenario?</h3>
“Possibility cost is the importance of the next-best alternative when a determination is made; it's what is given up,” explains Andrea Caceres-Santamaria, senior economic education specialist at the St. Louis Fed, in a current Page One Economics: Money and Overlooked Opportunities
To learn more about opportunity cost, refer
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Answer:
Risk is defined as a vulnerability that can be exploited by a hacker.
Option: B
Explanation:
There is a difference in between the terms- risk, vulnerability, threat.
• Threat is a critical warning that can damage something in a while.
• Vulnerability is a chance of happening.
• Risk is a situation that may happen if certain steps taken.
Suppose you are going to take a project which has less market value but you want to take it as a challenge. This condition signifies risk factor.
When the price of gold is continuously fluctuating and getting affected by share market is an example of vulnerability.
The correct answers are validity; reliability.
Answer 1: <span>The ability of a test to measure what is purports to measure is called validity.</span> Validity is defined as the ability of a test or study to actually to measure what it claims to measure. For instance, if a test aims to measure a population sample's heart rate, but ends up measuring blood sugar levels instead, it does not have validity, since it did not measure what it claimed or set out to measure. <span>
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Answer 2: Reliability refers<span> to the consistency of test results.</span> Reliability can be defines as the ability of a test or measure to consistently produce the same results at different, times, settings or locations. If the same test or measure produces different outcomes or results at different times or locations, it is low in reliability.
It is safe to say that as Madison was the "father" of the Constitution and Washington the "father of the powers of the Presidency," Marshall was the "father of the Supreme Court," almost single-handedly clarifying its powers.
