when studying finance or economics, the cost of a decision is also known as a(n)\npersonal cost.\nfinancial…
when studying finance or economics, the cost of a decision is also known as a(n)\npersonal cost.\nfinancial cost.\nlong - term cost.\nopportunity cost.
Answer
Brief Explanations:
In finance and economics, opportunity cost is the value of the next - best alternative forgone when a decision is made. It represents the cost of choosing one option over others.
Answer:
D. opportunity cost