An Opportunity Cost

question 68

Multiple Choice

An opportunity cost

• A) can be measured only when the decision involves expenditures of money.
• B) can be measured only when the decision involves spending time on one thing and not on another.
• C) is impossible to measure.
• D) is equal to the value of what is given up to make a purchase or take an action.
• E) exists for every decision made by individuals and businesses,but not by the government.

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Definitions:

Nonprofit Organizations

Organizations that may provide goods or services but do not have the fundamental purpose of earning profits.

Organizational Chart

A visual diagram that represents the structure of an organization, showing ranks and relationships between departments and positions.

Financial Assets

Instruments that represent an entity's right to receive cash or another financial asset from another entity, including stocks, bonds, and bank deposits.