An opportunity cost is
A) a cost that is charged against revenue in an accounting period.
B) the foregone benefit from the best alternative course of action.
C) the excess of operating revenues over operating costs.
D) the cost assigned to the products sold during the period.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

An Opportunity Cost Is