Tom Jones was not selected for a job at ABC Corporation.He was later hired at XYZ Inc.and proved to be an excellent employee.In terms of the selection decision,how would you describe this outcome?
A)a lost cause
B)an unpredictable miss
C)a predictable miss
D)an opportunity cost

Question

Quizplus · Accepted Answer

This outcome is best described as an opportunity cost because ABC Corporation missed out on hiring an excellent employee, which could have benefited them, while XYZ Inc. gained from his skills and performance.

Tom Jones Was Not Selected for a Job at ABC