A Potential Benefit Given Up When One Activity Is Selected

question 76

Multiple Choice

A potential benefit given up when one activity is selected over another best defines

• A)sunk costs.
• B)variable costs.
• C)opportunity costs.
• D)reflective costs.

---

Definitions:

Asset

An economic resource owned or controlled by a business or an individual that is expected to provide future benefits.

Cost of Retirement

The total expenses incurred when an individual stops working and enters retirement, including living and healthcare costs.

Retired Bonds

Bonds that have been repaid in full before or at maturity, thus removing the issuer's obligation to the holders.