An Opportunity Cost Is

question 113

Multiple Choice

An opportunity cost is:

• A) the benefit given up or sacrificed when one alternative is chosen over another.
• B) the cost to market, distribute, and service a product or service.
• C) expensed in the period in which it is incurred; it is not inventoried.
• D) the difference between gross margin and operating expenses.

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Definitions:

September 1969

A specific point in time, marked by events that occurred during the month of September in the year 1969.

Official Language

The language that is given a special legal status in a particular country, state, or other jurisdiction, often used in government and public affairs.

Anglicizing

The process by which non-English language elements, names, or cultures adopt English characteristics or become anglicized.

Public School System

A network of government-funded and managed schools that provide free education to the public.