The potential benefits forgone by rejecting one alternative while accepting another is known as a/an:

Name: The potential benefits forgone by rejecting one alternative while accepting another is known as a/an:
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Question

Quizplus · Accepted Answer

The potential benefits forgone by rejecting one alternative while accepting another is known as opportunity cost. It represents the cost of the next best alternative that must be given up in order to pursue a certain action or decision. Therefore, option A is the correct answer.

The Potential Benefits Forgone by Rejecting One Alternative While Accepting