What is an opportunity cost?
A) The difference in total costs which results from selecting one choice instead of another.
B) The profit forgone by selecting one choice instead of another.
C) A cost that may be saved by not adopting an alternative.
D) A cost that may be shifted to the future with little or no effect on current operations.
Correct Answer:
Verified
Q3: Which of the following works in planning,decision
Q4: The best example of using managerial accounting
Q5: Which of the following is true of
Q6: What organization developed the "Standards of Ethical
Q7: Who manages cost and managerial accounting 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
Q12: What is an opportunity cost?
A)The historical cost
Q13: In principle,a cost is
A)a sacrifice of resources.
B)something
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