An actual outlay of cash is a(n):
A)out-of-pocket cost.
B)opportunity cost.
C)direct cost.
D)cost object.

Question

Quizplus · Accepted Answer

An actual outlay of cash is known as an out-of-pocket cost, which is a direct cost that has already been incurred. Opportunity cost is the benefit that is foregone when choosing one option over another. Direct cost refers to the cost of materials, labor, and other expenses specifically related to producing a product or service. Cost object is a term used to describe any item, service, or project for which costs are being calculated.

An Actual Outlay of Cash Is A(n)