Opportunity costs refer to – Group of answer choices The costs that happened in the past The benefit forgone when one alternative is selected over another The costs that do not differ among the decision alternatives The costs that can be avoided by selecting a particular course of action.
Opportunity costs refer to – Group of answer choices The costs that happened in the past The benefit forgone when one alternative is selected over another The costs that do not differ among the decision alternatives The costs that can be avoided by selecting a particular course of action.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter8: Tactical Decision-making And Relevant Analysis
Section: Chapter Questions
Problem 1MCQ: Which of the following is not a step in the short-run decision-making model? a. Defining the...
Related questions
Question
Opportunity costs refer to –
Group of answer choices
The costs that happened in the past
The benefit forgone when one alternative is selected over another
The costs that do not differ among the decision alternatives
The costs that can be avoided by selecting a particular course of action.
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