Which of the following is correct regarding Opportunity Cost?
1
To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others.
2
Opportunity cost analysis does not play a crucial role in determining a business’s capital structure.
3
Considering the value of opportunity costs can not guide individuals and organizations to more profitable decision making.
4
It is the benefit that is derived from an option that is chosen.
5
None of the Above