Examples of Opportunity Costs Include

question 98

Multiple Choice

Examples of opportunity costs include:

• A)forgone contribution margin.
• B)lost sales.
• C)lower production.
• D)All of these answers are correct.

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Definitions:

Controversial Industries

Sectors of the economy that generate public debate or disagreement, often due to ethical, environmental, or health concerns.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations.

Ethical Issue

A dilemma or circumstance that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).