An alternative that must be forgone in order to pursue another option is an
A)opportunity.
B)alternative cost.
C)annuity option.
D)opportunity cost.

Question

Quizplus · Accepted Answer

The concept of giving up one alternative in order to pursue another is known as opportunity cost. This is because every decision involves sacrificing the benefits that could have been gained from the alternative that was not chosen. Therefore, the best choice is option D, which defines this concept accurately.

An Alternative That Must Be Forgone in Order to Pursue