Opportunity Cost Is the __________ Alternative Forfeited When a Choice

question 154

Multiple Choice

Opportunity cost is the __________ alternative forfeited when a choice is made.

• A) least-valued
• B) most highly-valued
• C) most convenient
• D) most recently considered

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Definitions:

Unrealized Profits

are profits that have been earned but not yet realized through a transaction, such as an increase in value of unsold stocks.

After-Tax Dollar Value

The amount of money left after federal, state, and other governmental taxes have been deducted.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Adjusted Net Income

Net income adjusted for specific expenses, revenues, gains, or losses to provide a clearer picture of operational performance.