Which ONE of the following BEST describes an opportunity cost? A...

80.2K

Verified Solution

Question

Accounting

Which ONE of the following BEST describes an opportunity cost?

A cost that does not change as the result of a decision

A cost representing the loss of benefits from selecting a course of action

A cost that is directly charged to expense in the income statement

A cost requiring a direct outlay of cash

A cost that is specifically traceable to segment being analyzed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students