The opportunity cost of any business decision is:

Name: The opportunity cost of any business decision is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The opportunity cost refers to the cost of the next best alternative that is forgone in making a decision. It is the value of the benefits that could have been gained from the next best alternative that was not chosen. Therefore, option C is the correct answer. Options A, B, and D do not accurately define or describe the concept of opportunity cost.

The Opportunity Cost of Any Business Decision Is