Opportunity Cost, this paper is a working definition of opportunity cost.
Date Submitted: 01/28/2002 14:23:09
Category: / Business & Economy / Marketing and Advertising
Length: 1 pages (370 words)
Category: / Business & Economy / Marketing and Advertising
Length: 1 pages (370 words)
Opportunity Cost
This paper will talk about the opportunity cost. The definition of the opportunity cost is an economic concept relating to income forgone because an opportunity to earn income was not pursued. For example, I have a choice to go to class tonight, and my opportunity cost is if I don't go to class I will miss out on learning. This method is not recognized by the finical accounting community, however it is an …
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…traders to build credits that generate a high level of accounting profits. Constructing opportunity-cost measures of profit imposes additional restraints on reporting activity. These restraints make it easier for higher-ups, auditors, and regulators to identify the true sources of accounting profit and to challenge counterfeit earnings.
Bibliography
Accounting, What The Number Mean, David H. Marshal Fifth Edition
http://www.cob.ohio-state.edu/acctmis/coll/99_00/sund.html
http://netec.wustl.edu/WoPEc/data/Papers/nbrnberwo6823.html
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