The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what? Opportunity costs Alternate costs. O Variable costs O Relevant costs. Lost costs
The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what? Opportunity costs Alternate costs. O Variable costs O Relevant costs. Lost costs
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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![The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what?
Opportunity costs
Alternate costs
O Variable costs
O Relevant costs.
Lost costs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ef7bf0e-dab8-48f4-b955-6a08ab1cbba1%2F75e10547-cb11-45b9-a215-a167d2d270d0%2Flimk2mj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what?
Opportunity costs
Alternate costs
O Variable costs
O Relevant costs.
Lost costs
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