Consultant Frank Alvarez Recently Commented That the Most Common Error

Multiple Choice

Consultant Frank Alvarez recently commented that the most common error made by his clients is ignoring opportunity costs associated with business decisions. The costs Alvarez was referring to are:

A) Benefits foregone by selecting one course of action over another.
B) The out-of-pocket costs of implementing a particular business decision.
C) Costs that make future opportunities possible.
D) Costs that have made past opportunities possible.