Which of the Following Best Describes Opportunity Cost

Multiple Choice The time spent by the programmer in order to develop the app The different alternative uses of the app The remaining storage space on your phone after the app is installed. Costs that were incurred in the past and cannot be changed.

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The expected rate of return on a security of.

. Multiple choice the expected rate of return on a government security having the same maturity as the project. Which of the following best describes your opportunity cost of downloading a free app on your smartphone. A Lower costs b Fewer natural resources required c Increased productivity.

The distribution of all products to be sold Costs that were incurred in the past and cannot be changed Benefits foregone by not choosing an alternative course of action Expected future. Benefits foregone by not choosing an alternative course of action. C it is a relevant cost in decision making and is part of the traditional.

The answer is A. A it is a relevant cost in decision making but is not part of the traditional accounting records. The best alternative not chosen Why are entrepreneurs important to the economy.

Benefits foregone by not choosing an alternative course of action. Expenses that have already been incurred and cannot be recovered B. Which of the following best describes an opportunity cost.

Based on the information provided in this situation which of the following best describes the opportunity cost. Which of the following is a benefit that a business is likely to attain from purchasing new equipment. It is also the cost of alternative forgone.

The expected rate of return on a typical bond portfolio. Social Security benefits will provide income for the elderly and disabled allowing them to spend money thus boosting the economy. None of the above describes opportunity cost.

An opportunity cost is a relevant cost in decision making but is not part of the traditional accounting records. Which of the following best describes an opportunity cost. AInefficient b efficient c equivalent d equilibrium points.

Which of the following best describes opportunity 9. The time you spent downloading and registering the app. The opportunity cost also known as the alternative forgone in accounting and can be defined as the potential benefit that is forgone when an alternative is selected over another.

Expected future costs that differs among alternatives. He decides to go for farming. B The value of the alternative not selected.

Opportunity cost is the cost of an action that was not chosen or selected. Costs that were incurred in the past and cannot be changed. Change in net working capital related to implementing a new project C.

B it is not a relevant cost in decision making but is part of the traditional accounting records. Which of the following best describes an opportunity cost. Erosion D Which one of the following best describes the concept of erosion.

The government will be able to improve the road system encouraging more people to drive on vacations. Show more Business This question was created from STRATEGIC COST MANAGEMENT Chapter 11docx Answer Explanation Unlock full access to Course Hero. It is a relevant cost in decision making but it is not part of the traditional accounting records.

Which of the following best describes an opportunity cost. Opportunity cost is the value of the best alternative not chosen as it represents the benefit of the next best alternative to the activity chosen. The cash flows of a new project that come at the expense of a firms existing cash flows.

A The value of the alternative selected. They promote economic growth. Opportunity cost the study of how households and firms make decisions and how they interact in markets Microeconomics the study of how people try to satisfy unlimited and competing wants through the careful use of relatively scarce resources economics scarcity.

What is an opportunity cost. 1 Which of the following best describes the concept of opportunity cost a historical cost b accounting cost c the value of the best opportunity given up d the cost of the worst opportunity given up 2 All points inside the frontier of the PPC are. The distribution of all products to be sold.

Which of the following best describes an opportunity cost. Which of the following best describes opportunity cost. Which of the following best describes what the opportunity cost of capital for a project that has some element of risk would be.

For example Mr A has two choices - taking employment of 20000 per annum or being self-employed setting up a farm that will generate 25000 per annum.

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