What is an opportunity cost?
A) The historical cost of goods or services used.
B) The foregone income from using an asset in its best alternative.
C) A sacrifice of resources.
D) A sacrifice of investment opportunities.
Correct Answer:
Verified
Q7: Who manages cost and managerial accounting in
Q8: What is an opportunity cost?
A)The difference in
Q9: Who is the chief accounting officer that
Q10: The question "How much information is enough?"
Q11: Considering the time dimension,how does managerial decision
Q13: In principle,a cost is
A)a sacrifice of resources.
B)something
Q14: Who is the manager in charge of
Q15: What organization publishes a journal called Strategic
Q16: Which of the following accurately describes the
Q17: Who manages cash flows and raises cash
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