Match the following terms the appropriate defintion.
-Opportunity Cost
A)A cash outflow
B)A resource sacrificed to bring benefit in current period; no remaining future benefit
C)A measure of a resource being sacrificed; includes assets and expenses.
D)Costs already incurred in the past
E)Net benefit of paths not taken in decision-making
F)Resource with future benefits

Question

Quizplus · Accepted Answer

Opportunity cost is the net benefit of the next best alternative that is foregone when a decision is made.

Match the Following Terms the Appropriate Defintion