he owner of a small retail store does her own accounting work. How would you measure the opportunity cost of her​ work? The opportunity cost of the​ owner's accounting work is A. the difference between what she would have paid an accountant to do the work and the explicit cost ofexplicit cost of her time. B. the difference between the monetary value of her time and the monetary amount that her time would have been worth in its next best use. C. the accounting cost ofaccounting cost of the​ work, which is zero since she does it herself. D. the monetary amount that she would have paid an accountant to do the work. E. the monetary amount that her time would have been worth in its next best use.

Respuesta :

Answer:

E. the monetary amount that her time would have been worth in its next best use.

Explanation: Opportunity cost is an economic term which signifies the monetary value of a missed opportunity due to an alternative decision taken. Opportunity costs is usually not accounted in the accounting records but it is very important for business owners to always out it in consideration when determining which choices to make between alternatives.

OPPORTUNITY COST IS VERY VITAL AS IT HELPS BUSINESS OWNERS TO MAKE LESS EXPENSIVE AND MORE BENEFICIAL DECISIONS IN THE DAILY OPERATIONS OF THEIR BUSINESS.