What Is the Opportunity Cost of Taking an Exam

question 143

Multiple Choice

What is the opportunity cost of taking an exam?

• A) all of the things that someone could have done by not studying
• B) each of the questions that someone misses on the exam
• C) the highest valued alternative that someone gave up to prepare for and attend the exam
• D) the money someone spent purchasing the textbook and the other materials with which he or she studies
• E) the money someone spent on tuition

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Definitions:

Accounts Receivable Turnover

Accounts receivable turnover is a financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating the efficiency of credit and collection activities.