Opportunity Cost Is Defined as the

question 434

Multiple Choice

Opportunity cost is defined as the

• A) total value of all the alternatives given up.
• B) highest-valued alternative given up.
• C) cost of not doing all of the things you would like to do.
• D) lowest-valued alternative given up.

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Definitions:

Book Value

Book value represents the value of an asset according to its balance sheet account balance, taking into account the original cost minus depreciation, amortization, or impairment costs.

Amortized

Adjusted through gradual reduction of the loan balance or asset value over time by making regular payments that cover both principal and interest.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.