Which Statement Is True of an Opportunity Cost

question 31

Multiple Choice

Which statement is true of an opportunity cost?

• A)It is the cost of a special order option.
• B)It reduces the possibility of accepting a particular course of action.
• C)It is the potential benefit as a result of following an alternative course of action.
• D)It is a variable cost.

Recognize the specific attributes, advantages, and drawbacks of the corporate form of organization including tax implications and shareholder rights.

Understand the components and significance of stockholders' equity in a corporation.

Grasp the financial mechanics and journal entries related to issuing common stock, including transactions above or below par value.

Recognize the effects of corporate organizational structure on decision-making and policy implementation.

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Definitions:

Contempt

is a feeling of disdain or deep lack of respect for someone or something considered worthless or inferior.

Dutch

Refers to something related to the Netherlands, its people, language, or culture.

Swedish

Relating to Sweden, its people, culture, or language.

Positive Words

Words that convey optimistic, affirmative, or encouraging meanings, often used to uplift someone's mood.