In the context of economic feasibility, which of the following statements is true of opportunity costs?
A) They measure what an individual would miss by not having an information system or feature.
B) They measure costs involved in training employees who will be using the information system.
C) They measure the changes in the scope of an information system after the analysis and design phases.
D) They measure fixed and variable costs involved in running a system.

Question

Quizplus · Accepted Answer

Opportunity costs refer to the benefits an individual gives up by making a particular decision. In the context of economic feasibility, opportunity costs refer to the benefits that would be missed by not adopting or implementing a particular information system or feature. Option A correctly defines opportunity costs, while options B, C, and D refer to other types of costs involved in information systems analysis, design, and implementation.

In the Context of Economic Feasibility, Which of the Following