1) You choose which college to go to: each college you don't choose is an opportunity cost
2) you choose which language to learn. You can't learn them all. If you decide to learn Chinese, you might be missing out on Spanish
3)Where do you want to do your exchange? if You choose one place, you're missing out all the other opportunities.
Answer:
d. Forcing
Explanation:
Forcing technique: The term "forcing technique" is described as one of the different techniques of conflict resolution in which an individual tends to use some power or formal authority that he or she possesses in order to satisfy his or her concern in the absence of any regard associated with the party or person with whom he or she in conflict with.
In the question above, the given statement represents the forcing technique of conflict resolution.
Answer: B
Indian Ocean will be on the left side Australia.
You can also look for the global map and it will locate Indian Ocean.
Answer:
Personal Opportunity Cost - Spare non drive time sacrifised
Social Opportunity Cost - Fuel efficiency (high pollution), Road Traffic (Congestion issues).
Explanation:
Opportunity Cost is the cost of next best alternative, foregone while choosing an alternative. Bill can commute either by bus, or by self drive.
If Bill drives his car, opportunity cost for him is - the spare time sacrifised, that he could have used while car drive in some other activity (eg reading, listening music).
Opportunity Cost for society is - the fuel utilisation & road traffic management efficiency sacrifised, by using private instead of public transport. This leads to more pollution, more congestion on roads.
Hey You!
As the old clichè claims, the three most important things in retailing are: Location, location, and location.
(It should be option C on your sheet or device).
