The concept of opportunity cost is represented in which of the following questions?
A)What's the time value of the person tasked with creating content for the corporate blog?
B)How fast should companies respond to crisis situations in social media?
C)How risky is it for a company to allow the sharing of a brand message beyond the company's discretion?
D)Should a company allow manipulation of their message beyond the company's discretion?
E)Should a company allow negative tweets about them on their Twitter company account?

Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative that one has to forego to pursue the chosen option. In this case, the question about the time value of the person tasked with creating content for the corporate blog is a clear representation of opportunity cost. It acknowledges that the person's time can be used for alternative activities, and the cost of using it for the blog has to be weighed against the cost of forgoing other potential activities. The other options are not related to opportunity cost.

The Concept of Opportunity Cost Is Represented in Which of the Following