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In Business / High School | 2025-07-04

Assessing opportunity cost involves
A. making choices and dealing with consequences.
B. choosing consequences over rewards.
C. reviewing past decisions and changing them.
D. minimizing profit and loss.

Asked by saniyahduckett655

Answer (2)

Opportunity cost involves making choices and dealing with consequences, making option A the correct choice. It refers to the value of what is given up when choosing one alternative over another. Understanding opportunity cost is essential for informed decision-making.
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Answered by Anonymous | 2025-07-04

Opportunity cost involves making choices and dealing with the consequences of those choices. It represents the value of the next best alternative foregone when a decision is made. Understanding opportunity cost is essential for effective decision-making in both personal and business contexts. ;

Answered by GinnyAnswer | 2025-07-04

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