An Opportunity Cost Is

question 133

Multiple Choice

An opportunity cost is:

• A) the benefit given up or sacrificed when one alternative is chosen over another.
• B) the cost to market, distribute, and service a product or service.
• C) the total product cost of goods completed during the current period and transferred to finished goods inventory.
• D) the difference between sales revenue and cost of goods sold.

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Definitions:

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting.

IFRS

A collection of worldwide accounting standards created by the International Accounting Standards Board, known as International Financial Reporting Standards.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.