An opportunity cost is the foregone benefit of choosing to do one thing instead of another.This is the definition of opportunity cost.
Correct Answer:
Verified
Q11: Capacity is a measure of the limit
Q12: If machine hours are a constraining factor,the
Q13: A make-or-buy decision is the same as
Q14: An avoidable cost is one that has
Q15: Opportunity costs are not relevant when a
Q17: In deciding whether to eliminate a business
Q18: A product should be processed further if
Q19: The final step in the decision making
Q20: The segment margin is the contribution margin
Q44: Which of the following costs is not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents