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.

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Definitions:

Logical Strength

The degree to which the premises of an argument support its conclusion; stronger arguments provide greater justification for their conclusions.

Explanandum

An phenomenon or event that is to be explained, often the subject of scientific or philosophical inquiry.

Hypothesis

A hypothesis is a suggestion or theory made with restricted proof, serving as an initial step for more in-depth research.

Uninformative

Lacking useful, meaningful, or relevant information or details, often leading to a failure to enhance understanding or knowledge.