9
QuizMultiple Choice

Opportunity Cost

Question 9 • LA-Financial Math A

What can a decision-making grid do?

Answer
A
tell you the right course of action
B
show you every possible consequence of your decision
C
help you determine some of the opportunity costs for your decision
D
show you every possible benefit of your decision

Explanation

A decision-making grid helps compare choices and weigh their costs and benefits. This can reveal some opportunity costs—the benefits of the next-best option that you give up when you choose one option. It cannot guarantee the right course of action or show every possible consequence or benefit.

AI-written and checked against the verified answer.

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