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Joe Smith was just hired as an accounting intern at your company. Can you assist Joe and identify which of the following describes an opportunity
Joe Smith was just hired as an accounting intern at your company. Can you assist Joe and identify which of the following describes an opportunity cost?
Multiple Choice
the foregone benefit of the path not taken.
a cost that cannot be traced to a specific cost object.
the initial investment required to pursue an opportunity.
an actual outlay of cash.
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