When You Give Up the Opportunity to Do Something Else,the

question 61

Multiple Choice

When you give up the opportunity to do something else,the value to you of that activity is called

• A) opportunity demand.
• B) opportunity cost.
• C) market price.
• D) equilibrium.

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Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence but not full control over that company.

Net Income

The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Equity Method

The equity method is an accounting technique used to assess the investments in other companies, where the investment is recorded at original cost and adjusted according to the investor’s share of the investee's profit or loss.