Question $2(1$ point$)$

Testing actually ties back to a concept we discussed a few weeks ago near the very beginning of our class. In short, a test might help us learn that our time, money, and energy would be better spent on another attractive project. What concept does this represent?

Next$-$best$-$option Approach

Back$-$up Strategy

Second$-$mover advantage

Opportunity Cost

Availability of Alternatives