Which of the following best describes an opportunity cost: Select one: a. it is a relevant cost in decision making, but is not part of the traditional accounting records. b. it is not a relevant cost in decision making, but is part of the traditional accounting records. c. it is a relevant cost in decision making, and is part of the traditional accounting records. d. it is not a relevant cost in decision making, and is not part of the traditional accounting records.

a. it is a relevant cost in decision making, but is not part of the traditional accounting records.

Explanation:

An opportunity cost is a relevant cost in decision making, but is not part of the traditional accounting records.

The opportunity cost also known as the alternative forgone in accounting and can be defined as the potential benefit that is forgone when an alternative is selected over another.

For instance, the money and time you spend to go see a movie at the cinema, you can't spend the time reading a book at home and the money can't be spent on something else either.

The opportunity cost can be calculated by using the formula;

Opportunity cost (OC) = FO − CO

where:

FO = Return on alternative forgone.

CO = Return on the option chosen.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer; at prices that violate government price regulations;