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:

Vision

A statement or idea about the future direction of an organization or individual, representing aspirations and goals to be achieved.

Service Offerings

The various services that a company provides to its customers, which can include consulting, maintenance, and customer support.

Pathos

An appeal to emotion in rhetoric or creative works, aiming to elicit an emotional response from the audience.

Business Model

A plan or framework a company uses to operate, generate revenues, and make a profit, detailing how it conducts business.