Decisions should reflect the _____ costs, rather than just the _____ costs.
A)financial; marginal
B)opportunity; nonfinancial
C)opportunity; financial
D)nonfinancial; financial

Question

Quizplus · Accepted Answer

Decisions should reflect the opportunity costs, which represent the value of the next best alternative forgone. Opportunity costs are not just financial but could also be nonfinancial such as time or effort. Focusing only on financial costs (marginal costs) can lead to incomplete decision making.

Decisions Should Reflect the _____ Costs, Rather Than Just the _____

Decisions Should Reflect the _ Costs, Rather Than Just the _