What Is the Term for What You Give Up to Obtain

question 183

Multiple Choice

What is the term for what you give up to obtain an item

• A)opportunity cost
• B)explicit cost
• C)true cost
• D)direct cost

---

Definitions:

Accrued Interest

The accumulated interest on a note payable or receivable that has been earned but not yet received or paid out.

Semiannual Interest

Interest that is calculated and paid twice a year, often on bonds or loans.

Subsidiary Company

A company that is completely or partly owned and wholly controlled by another company, known as the parent company.

Parent Company

A corporation that has control over one or more subsidiary companies, usually by owning a significant portion of their stock.