An Opportunity Cost Is

question 4

Multiple Choice

An opportunity cost is

• A)a cost that is charged against revenue in an accounting period.
• B)the foregone benefit from the best alternative course of action.
• C)the excess of operating revenues over operating costs.
• D)the cost assigned to the products sold during the perioD.

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Definitions:

Nominating Committee

A group within an organization responsible for recommending candidates for board or committee memberships.

Naming Committee

A group of individuals tasked with the responsibility of choosing names for new initiatives, projects, buildings, or entities.

Governance Committee

A governance committee is a group within an organization responsible for overseeing the overall governance structure, ensuring ethical, legal, and functional frameworks are in place and followed.

Manage

To oversee or control the operation, use, or conduct of something or someone, typically in a professional environment.