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.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1MC: ______ are the costs associated with not choosing the other alternative. A. Sunk costs B....

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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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