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An opportunity cost: Multiple Choice Is irrelevant in decision making because it occurred in the past. Requires a future outlay of cash. Is an unavoidable

An opportunity cost:
Multiple Choice
Is irrelevant in decision making because it occurred in the past.
Requires a future outlay of cash.
Is an unavoidable cost because it remains the same regardless of the alternative chosen.
Results from past managerial decisions.
Is the potential benefit lost by taking a specific action instead of alternative actions.

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