An Opportunity Cost

question 158

Multiple Choice

An opportunity cost:

• A)Is an unavoidable cost because it remains the same regardless of the alternative chosen.
• B)Requires a current outlay of cash.
• C)Results from past managerial decisions.
• D)Is the potential benefit lost by choosing a specific alternative course of action among two or more.
• E)Is irrelevant in decision making because it occurred in the past.

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Definitions:

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The perception of competence and integrity that an individual or organization projects to others.