Opportunity costs are:
A) the profits that a business forgoes by following a particular course of action.
B) costs that need to be incurred if a business opportunity arises.
C) avoidable costs.
D) costs of holding excess cash to take advantage of opportunities.
Correct Answer:
Verified
Q45: Not including relevant costs and relevant revenues
Q46: Relevant costs and revenues:
A) are increases on
Q47: In short-term decision making the cost of
Q48: Incremental costs are cost increases:
A) from the
Q49: Costs that a business does not incur,
Q51: In deciding whether or not to drop
Q52: The accounting system helps a business' managers
Q53: Product D incurred a net loss
Q54: During the most recent accounting period, Product
Q55: The decision to produce a part or
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