Which of the Following Statements About Opportunity Cost Is FALSE

question 71

Multiple Choice

Which of the following statements about opportunity cost is FALSE?

• A) Opportunity cost may be larger than monetary cost.
• B) Opportunity cost includes both explicit and implicit costs.
• C) The real or opportunity cost of something is what you must give up to get it.
• D) Opportunity cost is synonymous with explicit cost.

Understand the characteristics of and differences between lines of credit, revolving credit agreements, and other types of bank financing.

Identify methods used by firms to accelerate cash receipts and the reasons behind them.

Understand the tasks involved in the termination phase of the planned change process.

Recognize the reactions of workers to the ending of client relationships and appropriate coping strategies.

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