The benefit foregone by choosing a particular alternative course of action is referred to as a(n)
A)sunk cost.
B)opportunity cost.
C)variable cost.
D)incremental cost.

Name: The benefit foregone by choosing a particular alternative course of action is referred to as a(n) A)sunk cost. B)opportunity cost. C)variable cost. D)incremental cost.
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Question

Quizplus · Accepted Answer

The benefit foregone by choosing a particular alternative course of action is referred to as the opportunity cost. Therefore, the best choice is option B.

The Benefit Foregone by Choosing a Particular Alternative Course of Action