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.

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Definitions:

C=O Stretch

A vibrational mode in infrared spectroscopy, indicating the presence of a carbonyl group (\(C=O\)) in the molecule, characterized by a strong, distinctive absorption band.

Aldehydes

Organic compounds characterized by the carbonyl group bonded to at least one hydrogen atom.

IR Absorption

The process where molecules absorb specific frequencies of infrared light, causing molecular vibrations that are characteristic of functional groups within the molecule.

Broad Absorption

A phenomenon where a material or molecule absorbs a wide range of wavelengths or frequencies.