Select the Incorrect Statement Concerning Opportunity Costs

question 133

Multiple Choice

Select the incorrect statement concerning opportunity costs.

• A) Opportunity costs are relevant costs.
• B) Opportunity costs are cumulative.
• C) Opportunity costs are future-oriented.
• D) Opportunity costs are not recorded in the books.

---

Definitions:

Proportionate Interest

The share or percentage ownership that an individual or entity holds in a particular asset, reflecting their portion of the total value or earnings.

Corporate Veil

A legal concept that separates the actions of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, resulting in the division of assets among creditors.

Personal Expenses

Personal expenses are out-of-pocket costs individuals incur in their daily lives, not related to business or professional obligations.