Hw24 The potential benefit that is given up when one alternative is selected over another is calleda. A sunk costOb. An opportunity costOc Both a sunk cost and an opportunity costO d. Neither a sunk cost nor an opportunity cost

Cost accounting is one of the important branch of accounting, under which all type of costs and…

The potential benefit that is given up when one alternative is selected over another is called O a. A sunk cost O b. An opportunity cost Oc Both a sunk cost and an opportunity cost O d. Neither a sunk cost nor an opportunity cost

The potential benefit that is given up when one alternative is selected over another is called O a. A sunk cost O b. An opportunity cost Oc Both a sunk cost and an opportunity cost O d. Neither a sunk cost nor an opportunity cost

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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Question

Hw24

The potential benefit that is given up when one alternative is selected over another is called
a. A sunk cost
Ob. An opportunity cost
Oc Both a sunk cost and an opportunity cost
O d. Neither a sunk cost nor an opportunity cost

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