The cost of selecting one course of action and forgoing the other is known as —

CS Executive · Cost and Management Accounting · PYQS · December 2014
The cost of selecting one course of action and forgoing the other is known as —
(A) Sunk cost
(B) Differential cost
(C) Opportunity cost
(D) Joint cost.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) Opportunity cost.

Topics: Decision Making

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