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An Opportunity Cost Is a Past Cost That Is Given

question 241

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An opportunity cost is a past cost that is given up because an alternative course of action is taken.


Definitions:

Indenture

A formal legal agreement, contract, or document, especially one relating to a loan or bond issue.

Debenture

An unsecured bond.

Sinking Fund

A savings fund accumulated over time for the purpose of paying off debt or replacing a large expense in the future.

Yield to Maturity

The total return anticipated on a bond if the bond is held until its maturity date.

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