What is an opportunity cost? Are these costs always able to be quantified?

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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Question Posted: Mar 15, 2024 01:01 AM

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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

Accounting Information For Business Decisions Accounting

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