As it applies to the BAT model, opportunity costs are defined as: the borrowing costs incurred. interest foregone on cash held. the cash needed for transaction purposes. costs incurred to replenish a cash account. the costs incurred when securities are sold.

As it applies to the BAT model, opportunity costs are defined as: O the borrowing costs incurred. O interest foregone on cash held. O the cash needed for transaction purposes. O costs incurred to replenish a cash account. O the costs incurred when securities are sold