An opportunity cost is:
A) the benefit given up or sacrificed when one alternative is chosen over another.
B) the cost to market, distribute, and service a product or service.
C) expensed in the period in which it is incurred; it is not inventoried.
D) the difference between gross margin and operating expenses.

Question

Quizplus · Accepted Answer

An opportunity cost is the benefit or value of what could have been gained from choosing an alternative option that is forgone. It is the cost of the foregone opportunity.

An Opportunity Cost Is