Multiple Choice
Which of the following best defines an opportunity cost?
A) The difference in total costs from selecting one alternative instead of another.
B) The benefit forgone by selecting one alternative instead of another.
C) A cost that may be saved by NOT adopting an alternative.
D) A cost that may be shifted to the future with little or no effect on current operations.
Correct Answer:
Verified
Correct Answer:
Verified
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