If you accept a job in Seattle as a financial analyst,you must give up the chance to accept a similar job in Australia.Giving up the job in Australia is your:

Question

Quizplus · Accepted Answer

The cost of giving up the job opportunity in Australia is the opportunity cost. This is the cost of the next best alternative that must be foregone in order to choose the desired option. In this case, the desired option is the job in Seattle and the next best alternative is the job opportunity in Australia. This cost is known as opportunity cost.

If You Accept a Job in Seattle as a Financial