Interested to Buy Any Domain ? << Click Here >> for more details...
what is oppurtunity cost
- 6 Answers
- 14325 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nagaraj goud
The cost of an alternative that must be forgone in order to
pursue a certain action. Put another way, the benefits you
could have received by taking an alternative action.
Example: if a gardener decides to grow carrots, his or her
opportunity cost is the alternative crop that might have
been grown instead (potatoes, tomatoes, pumpkins, etc.).
| Is This Answer Correct ? | 24 Yes | 0 No |
Answer / jj
Opportunity cost is the next best alternative forgone for
receiving another benefits...
eg: if u own a car.....
U have two options
1-Use for your own use
2-Rent it to some others
If u use ur car for rental purpose u will get rent....
But if u use it for ur own purpose the amount that u loose
as for rental is ur opportunity cost........
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / hemanth.n.s
Opportunity cost is the next best alternative forgone.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / titilayo ayomide
Opportunity cost is the value of a product forgone to
produce or obtain another product.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / vijay gawalkar
Scarcity of resources is one of the more basic concepts of
economics. scarvity necessitates trade-offs, and trade-offs
result in an opportunity cost. While the cost of a good or
service often is thought of in monetary terms, the
opportunity cost of a decision is based on what must be
given up (the next best alternative) as a result of the
decision. Any decision that involves a choice between two
or more options has an opprtunity cost.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / balraj
in simple words opportunity cost means forgone cost of the
foregone period
| Is This Answer Correct ? | 1 Yes | 1 No |
Golden rules of accounting
369 Answers Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS,
Is depreciation a expense or income?
How many types depriciation we have?
16 Answers FactSet Systems, Genpact, Wattan Vani,
Choose the right answer When diesel supplied to the hired vehicle we have to credit 1.Diesel 2.Hire 3.Owner of the vehicle
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
EXPAND______________RDO
Expand A V
what is the journal entry for tax refund?
28 Answers Firm, HSBC, Rahman Industries, Taj Group,
What is promoters?
what is RTGS?
11 Answers State Bank Of India SBI,
Expand H M D A
what is interest invoice
Audit 
