Which of the Following Best Distinguishes an Opportunity Cost from an Outlay

question 143

Multiple Choice

Which of the following best distinguishes an opportunity cost from an outlay cost?

• A) Opportunity costs are recorded, whereas outlay costs are not.
• B) Outlay costs are speculative in nature, whereas opportunity costs are easily traceable to products.
• C) Opportunity costs have very little utility in practical applications, whereas outlay costs are always relevant.
• D) Opportunity costs are sacrifices from foregone alternative uses of resources, whereas outlay costs are cash outflows.

---

Definitions:

Entertainment

Activities, performances, or media produced to give people pleasure or relaxation, often including movies, music, games, and shows.

Waiter Or Waitress

A person employed to serve food and drinks to customers in a restaurant or cafe.

Contrast Paragraph

A section of text that highlights the differences between two or more subjects, ideas, or objects.

Points Of Contrast

Specific aspects or elements that are used to highlight differences between two or more subjects in a comparison.