What is an opportunity cost? Are these costs always able to be quantified?
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What is an opportunity cost? Are these costs always able to be quantified?
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An opportunity cost refers to the value of the next best alternative that is forgone when a decision is made In other words it represents the benefits ...View the full answer
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Related Book For
Accounting Information For Business Decisions Accounting
ISBN: 9780170446242
4th Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh
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