Select the correct statement regarding opportunity costs.
A) Opportunity costs need not be considered in decision making.
B) Opportunity costs are not recorded in a firm's financial accounting records.
C) Opportunity costs represent sunk costs.
D) All of the above.

Question

Quizplus · Accepted Answer

An opportunity cost is the sacrifice that is incurred in order to obtain an alternative opportunity.Opportunity costs are not recorded in the financial accounting records.

Select the Correct Statement Regarding Opportunity Costs