Impact costs, timing costs, and opportunity costs are examples of:

Name: Impact costs, timing costs, and opportunity costs are examples of:
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Question

Quizplus · Accepted Answer

Implicit costs are not directly paid or incurred but represent the opportunity cost of using resources for a particular purpose instead of the next best alternative. Impact costs, timing costs, and opportunity costs fall under this category as they represent the cost of not being able to use those resources elsewhere.

Impact Costs, Timing Costs, and Opportunity Costs Are Examples Of