Business Choices Flashcards by Tyler Booth

Q

What is a trade off

A

Opting for one decision that will involve compromising another

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is an opportunity cost

A

The benefit list from the next alternatives

How well did you know this?

1

Not at all

2

3

4

5

Perfectly