Question: The potential benefit that is given up when one alternative is selected over another is called _ _ _ _ _ _ _ _ _

The potential benefit that is given up when one alternative is selected over another is called _________blank.
multiple choice
relevant cost
avoidable cost
differential cost
opportunity cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!