The Best Definition of an Opportunity Cost Is A

Multiple Choice

The best definition of an opportunity cost is a:

A) Cost reflecting benefits foregone when one alternative is selected over another.
B) Cost incurred in the past that cannot be changed by future decisions.
C) Fixed cost that cannot be traced directly to a product line.
D) Cost that can be avoided by selecting a particular course of action.
E) None of the answer choices is correct.