is the cost of selecting one course of action and the losing of other opportunities to carry out that course of action.

CS Executive · Cost and Management Accounting · PYQS · June 2018
is the cost of selecting one course of action and the losing of other opportunities to carry out that course of action.
(A) Sunk Cost
(B) Joint Cost
(C) Differential Cost
(D) Opportunity Cost

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Cost and Management Accounting

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