Select either true or false for the following statements 1. An opportunity cost is the potential benefit that is lost by taking a specific action when two or more alternative choices are available. (Click to select) (Click to select) (Click to select) (Click to select) v (Click to select) 2. A sunk cost will change with a future course of action. 3. An out-of-pocket cost requires a current and/or future outlay of cash. 4. Relevant costs are also known as unavoidable costs. 5. Incremental costs are also known as differential costs