In which situations should opportunity costs be considered?
A)decision making that involves alternative uses
B)forecasting sales
C)financial accounting
D)break-even analysis

Question

Quizplus · Accepted Answer

Opportunity costs should be considered when decision making involves alternative uses, as it requires comparing the benefits and drawbacks of each option and choosing the one that provides the most value or opportunity. Forecasting sales, financial accounting, and break-even analysis also involve analyzing different options or scenarios, but they do not necessarily involve considering the opportunity costs of each option.

In Which Situations Should Opportunity Costs Be Considered