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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.

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maggotpot
When studying finance or economics, the cost of a decision is also known as an opportunity cost.
ayfat23

When studying finance or economics, the cost of a decision is also known as an opportunity cost.

What Is Opportunity Cost?

Opportunity costs serves as the potential benefits that an individual misses out on as a result of choosing one alternative over another.

Therefore, Opportunity Cost is unseen and as a result of this they can be easily overlooked.

learn more about Opportunity Cost at;

https://brainly.com/question/1549591

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