MC15. What is the opportunity cost of a decision?
A. The monetary cost of the decision.
B. The benefits of the decision.
C. The value of the next best alternative that is forgone as a result of the decision.
D. The time spent making the decision.
Answer:C
MC15. What is the opportunity cost of a decision?
A. The monetary cost of the decision. B. The benefits of the decision. C. The value of the next best alternative that is forgone as a result of the decision. D. The time spent making the decision.