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An opportunity cost: Multiple Choice Is an unavoidable cost because it remains the same regardless of the alternative chosen. Requires a future outlay of cash.
An opportunity cost: Multiple Choice Is an unavoidable cost because it remains the same regardless of the alternative chosen. Requires a future outlay of cash. Results from past managerial decisions. Is the potential benefit lost by taking a specific action instead of alternative actions. Is irrelevant in decision making because it occurred in the past
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
