Which of the following statements is false? Multiple Choice In general, the term expense is...
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Which of the following statements is false? Multiple Choice In general, the term expense is used for managerial purposes, while the ferm cost refers to external fi An opportunity cost is the benefit forgone by selecting one alternative over another. An outlay cost is a past, present, or future cash outflow. A cost is a sacrifice of resources. 
Which of the following statements is false?
Multiple Choice
In general, the term expense is used for managerial purposes, while the ferm cost refers to external fi
An opportunity cost is the benefit forgone by selecting one alternative over another.
An outlay cost is a past, present, or future cash outflow.
A cost is a sacrifice of resources.
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