The Benefit Foregone by Choosing a Particular Alternative Course of Action

question 136

Multiple Choice

The benefit foregone by choosing a particular alternative course of action is referred to as a(n)

• A)sunk cost.
• B)opportunity cost.
• C)variable cost.
• D)incremental cost.

---

Definitions:

Absorption

The process by which one substance takes up another substance through physical or chemical means.

Frequency Values

Numbers that represent the rate at which a periodic or cyclic process occurs, often measured in hertz (Hz).

Hertz

The unit of frequency in the International System of Units (SI), defined as one cycle per second.

Electromagnetic Radiation

A form of energy that is propagated through space or matter, consisting of both electric and magnetic wave components.