when studying finance or economics, the cost of a decision is also known as a(n) personal cost. financial…
when studying finance or economics, the cost of a decision is also known as a(n) personal cost. financial cost. long - term cost. opportunity cost.
Answer
Answer:
D. opportunity cost
Brief Explanations:
In finance and economics, opportunity cost is the cost of a decision, representing the value of the next - best alternative forgone.