Multiple Choice Questions on An opportunity cost does not involve ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

An opportunity cost does not involve ........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    An opportunity cost does not involve

    Incomes 

    Incorrect Answer

    Expenses

    Incorrect Answer

    Cash outlays

    Correct Answer

    Losses

    Incorrect Answer
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    Explanation:

    Opportunity cost refers to a benefit that a person could have received but gave up to take another course of action. It is the cost most relevant for two mutually exclusive events. It does not involve any cash outflow.

    By: honey kaundal
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