Opportunity Costs Is Defined as ________

question 80

Multiple Choice

Opportunity costs is defined as ________.

• A) the cost of manufacturing a one-time-only special order when a firm has excess capacity to make more products
• B) the contribution to operating income that is forgone by not using a limited resource in its next-best alternative use
• C) the sum of variable and fixed costs in a particular business function of the value chain, such as manufacturing costs or marketing costs
• D) the sum of variable and fixed costs in all business functions of the value chain, such as manufacturing costs or marketing costs

---

Definitions:

Willfully Violates

Refers to the act of intentionally breaking a law or regulation.

Securities Act of 1933

A U.S. law enacted in response to the stock market crash of 1929 that aims to ensure more transparency in financial statements so investors can make informed decisions.

Fines

Penalties of monetary payment imposed by a court on a person or organization as punishment for an offense.

Imprisonment

The act of confining someone in a prison as a punishment for committing a crime.