What are opportunity costs?

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Cost Accounting For Managerial Planning Decision Making And Control

ISBN: 9781516551705

6th Edition

Authors: Woody Liao, Andrew Schiff, Stacy Kline

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Question Posted: May 16, 2024 05:02 AM

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What are opportunity costs?

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Opportunity costs represent the benefits that are foregone or sacrificed when one alternative is chosen over another In other words opportunity costs ...View the full answer

Cost Accounting For Managerial Planning Decision Making And Control

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