Opportunity Cost Does Not Include

question 25

Multiple Choice

Opportunity cost does not include

• A) external consequences from making a choice.
• B) legal costs from making a choice.
• C) monetary costs from making a choice.
• D) income that you sacrifice from making a choice.
• E) benefits that you get from making a choice.

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Definitions:

Spreadsheet Formula

A mathematical expression used in a spreadsheet program to perform calculations, analyze data, or automate tasks.

Yearly Pension

The annual amount paid to a retired employee, typically funded by previous contributions from the employer and/or the employee.

Formulas

Predefined mathematical equations used to calculate values based on input data, widely used in disciplines such as finance, physics, and chemistry.

Royalty

Money that employees or others receive based on sales, for example an author or musician.