Which of the Following Is Not True with Regard to Opportunity

question 39

Multiple Choice

Which of the following is not true with regard to opportunity costs?

• A) They are the benefits forgone by selecting one alternative over another.
• B) They are relevant.
• C) They are sometimes difficult to quantify.
• D) They have already occurred in the past.

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Definitions:

New Ventures

Refers to the start of new business activities, often associated with entrepreneurship and the creation of startups.

Belief

The acceptance that something exists or is true, especially without proof, forming the basis for actions and attitudes.

Stimulus

A circumstance or occurrence that triggers a reaction in a living being.

Performance

The act of carrying out a task or function, often measured against known standards of accuracy, completeness, speed, and efficiency.