Which type of cost does a planner need to consider to better understand the choices between the considered program and alternative programs?
A) Hidden
B) Direct
C) Recurring
D) Opportunity

Question

Quizplus · Accepted Answer

Opportunity cost is the cost of foregoing the next best alternative. Therefore, a planner needs to consider opportunity cost to better understand the choices between the considered program and alternative programs. This will help in evaluating the benefits and drawbacks of each option and selecting the best one.

Which Type of Cost Does a Planner Need to Consider