What is the definition of “opportunity cost” as it relates to the time value of money? It is the loss of a potential gain choosing one alternative over another, particularly ignoring the time value of money. It is the benefit side of the cost/benefit ratio. It is the price of selling an asset. It is the amount of money invested in saving bonds. explain
What is the definition of “opportunity cost” as it relates to the time value of money? It is the loss of a potential gain choosing one alternative over another, particularly ignoring the time value of money. It is the benefit side of the cost/benefit ratio. It is the price of selling an asset. It is the amount of money invested in saving bonds. explain
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the definition of “opportunity cost” as it relates to the time value of money?
It is the loss of a potential gain choosing one alternative over another, particularly ignoring the time value of money.
It is the benefit side of the cost/benefit ratio.
It is the price of selling an asset.
It is the amount of money invested in saving bonds.
explain
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