Deciding how much money to spend on new manufacturing equipment versus launching a new advertising campaign is described as opportunity cost
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Opportunity cost refers to the value of the most appealing alternative from all those that weren't chosen. In other words, opportunity cost is a way to measure the value of what you gave up when you pursued a different opportunity.
Business
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Which auditor provides a retailer with the highest level of objectivity?
a. outside auditor b. company department manager c. disguised auditor d. company specialist
Business
An effective coaching technique is to emphasize what the person being coached should do, to make him or her feel guilty
Indicate whether the statement is true or false.
Business