Katherine's opportunity cost of attending the lecture is: the transportation and time cost of getting to the lecture event itself plus the reduction in her physics exam grade by not studying tonight.
<u>Explanation</u>:
The opportunity cost is the "cost" lost by not enjoying the benefit associated with the chosen alternative choice. People usually make use of opportunities to make themselves better.
The opportunity cost can be explained as giving up of profit or value to achieve something else. Opportunity cost is the value of giving up the best thing whenever you make a decision. When Katherine decided to attend the lecture of her favorite author, she lost her time, transportation cost and even scored low grade in physics exam as didn’t study on exam night.
Answer:
It is an Evasion Plan of Action.
Explanation:
An Evasion Plan of Action also known as EPA is a plan widely used by the armed forces or any other institution that establishes direct combat missions.
This plan allows evasion strategies to be established promoting the institution to have a successful recovery, given its status within the conflict. All this through the collection of precious information about the conflict that allows the combat team to increase their strategies and establish a predictability of what may happen during the conflict.
Non life insurance say for instance you die your funeral expenses won’t be paid off
