Answered: Opportunity costs represent: a) Costs…

Opportunity costs represent: a) Costs avoided by making a particular decision. b) Benefits foregone. c) Costs avoided by making a particular decision. d) Cash expenditures for business opportunities.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2MC: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on...

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Question

Opportunity costs represent:

a) Costs avoided by making a particular decision.

b) Benefits foregone.

c) Costs avoided by making a particular decision.

d) Cash expenditures for business opportunities.

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