Answered: The benefit lost when choosing one…

The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what? Opportunity costs Alternate costs. O Variable costs O Relevant costs. Lost costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1MC: ______ are the costs associated with not choosing the other alternative. A. Sunk costs B....

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what?
Opportunity costs
Alternate costs
O Variable costs
O Relevant costs.
Lost costs

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