Question: The term differential cost refers to:Question 4 options:1)a difference in cost which results from selecting one alternative instead of another.2)the benefit forgone by selecting one

The term differential cost refers to:Question 4 options:1)a difference in cost which results from selecting one alternative instead of another.2)the benefit forgone by selecting one alternative instead of another.3)a cost which does not entail any dollar outlay but which is relevant to the decision-making process.4)a cost which continues to be incurred even though there is no activity.

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