Opportunity cost is usually
A) a standard cost.
B) a potential benefit.
C) a sunk cost.
D) included as part of cost of goods sold.

Name: Opportunity cost is usually A) a standard cost. B) a potential benefit. C) a sunk cost. D) included as part of cost of goods sold.
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Question

Quizplus · Accepted Answer

Opportunity cost refers to the potential benefit that is forgone when choosing one option over another. It is not a standard cost or a sunk cost, and it is not included in cost of goods sold.

Opportunity Cost Is Usually