Question: Select either true or false for the following statements. Incremental costs are relevant costs. An opportunity cost is the potential benet that is lost by

Select either true or false for the following statements. Incremental costs are relevant costs. An opportunity cost is the potential benet that is lost by taking a specic action when two or more alternative choices are available. An out-of-pocket cost requires a current andfor future outlay of cash. Relevant costs are also known as unavoidable costs. P'PP'NT' Opportunity costs occur when two or more alternative choices exist

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