The Definition of Profit Opportunity Cost Is the Cost of Assigning

question 9

Multiple Choice

The definition of profit opportunity cost is the cost of assigning a job to a facility that

• A)does not result in having the best possible profit.
• B)does result in having the best possible profit.
• C)neither a nor b
• D)both a and b

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Definitions:

Socially Responsible

Describes businesses or practices that operate in a manner that considers the welfare of society and the environment.

Roofing Company

A business that specializes in the installation, repair, and maintenance of roofs on buildings and homes.

Deposit

A sum of money placed in a bank account or with a financial institution as a part of a transaction or as security.

Unethical Decision

Choices that violate moral principles and do not conform to accepted standards of conduct.