Which of the following terms refers to the potential gain from the best alternative forgone...

Opportunity Cost is the value of the next best alternative forgone when choosing one option over others, directly matching the question’s definition.

Option A (BIA):Assesses disruption impacts, not alternatives.

Option C (Fixed Cost):A static expense, unrelated to choices.

Option D (Cost Benefit Analysis):Compares costs and benefits, not forgone gains.

“Opportunity Cost represents the potential benefit lost by choosing one recovery strategy over another, a key consideration in resource allocation” (Module: Risk Management, Section: Cost Analysis).