When studying finance or economic, the cost of a decision is also known as a(n) personal cost. financial cost. long-term cost. opportunity cost. this question has left me confused.

Its an opportunity cost

"opportunity cost"

Explanation:

"opportunity cost"

The cost of decision is defined as "opportunity cost" while learning finance or economics. Opportunity cost is a concept of legal aspects that refers to the calculation of what you want to give up with the ultimate goal of choosing something else.

Opportunity costs are the benefits that a person, shareholder or business loses when considering an alternative over an other alternative

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answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;