During the summer you have made the decision to attend summer school, which prevents you from working at your usual summer job in which you normally earn $8,000 for the summer. Your tuition cost is $3,000 and books and course supplies $1,500. In terms of dollars, the opportunity cost of attending summer school is .

$8,000

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Because I decided to attend summer school, I forgoed the opportunity of working and earning income. Therefore, my opportunity cost is the amount of income I would have earned if i chose to work instead.

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answer; /// i believe that the correct answer is ( contemporary crm)

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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