Bring out clearly the significance of the following costs for management: (a) Opportunity cost (b) Sunk cost
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Bring out clearly the significance of the following costs for management:
(a) Opportunity cost
(b) Sunk cost
(c) Imputed costs
(d) Out-of-pocket costs
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a Opportunity Cost Opportunity cost is the value of the next best alternative that is foregone when a particular decision is made Its the cost of choo...View the full answer
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