_____ costs measure what an individual would miss by not having an information system or feature.
A) Opportunity
B) Operating
C) Development
D) Investment

Question

Quizplus · Accepted Answer

Opportunity costs measure the benefits an individual would miss out on by not having a particular information system or feature in place. They represent the foregone opportunity to use scarce resources for an alternative purpose. In contrast, operating costs measure the ongoing expenses incurred to keep a system or feature running, development costs measure the expenses incurred to create or improve a system or feature, and investment costs measure the resources committed to acquiring or implementing a system or feature.

_____ Costs Measure What an Individual Would Miss by Not