Although opportunity costs are not recorded in the financial records,they nevertheless are useful for decision making.

Question

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Opportunity costs refer to the alternative options that are given up when making a decision. While they are not recorded in financial records, they are still relevant for decision-making as they help individuals and organizations to evaluate the benefits and drawbacks of different choices. By considering opportunity costs, decision-makers can make more informed choices that take into account the full range of available options and their potential implications.

Although Opportunity Costs Are Not Recorded in the Financial Records,they