160-Opportunity-Cost

160-Opportunity-Cost - Name Date Taken Class Total Possible...

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Name: Class: Date Taken: Total Possible Marks: 26 Opportunity Cost Complete the following questions in the time allowed by your teacher QUICK DEFINITIONS Write a short, accurate definition for each of the following key terms. (2 marks for each good quality definition) 2 1. Define: opportunity cost 2 2. Define: interest rate 2 3. Define: decision-making QUICK LISTS In this section, provide an outline or list points which answer the question 4 4. Give four examples of decisions a business takes A. B. C. D. E. F. www.tutor2u.net - 1 -
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- 2 - 4 5. An entrepreneur decides to end her career in the world of investment banking and start a new business running a hotel in Padstow. Identify three potential opportunity costs arising from this decision: A. B. C. D. 4 6. List three factors that make it hard to assess the opportunity cost of a decision A. B. C. D. E. Short Answers In this section, write a short answer (one or two sentences) for each question. 4
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This note was uploaded on 02/08/2012 for the course FIN FIN4345 taught by Professor Koij during the Spring '10 term at FIU.

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160-Opportunity-Cost - Name Date Taken Class Total Possible...

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