Register now or log in to join your professional community.
YES
IT,S TRUE
Yes It is TRUE.
True... Physical cash out-flow is not involved....It is actually a sort of imaginary cost involved while selecting one amoung the different options.
Opportunity cost is the cost of next best alternative; no physical outflow of cash is invovled. TRUE
Yes .It is true.
Joshi Mathew
CIA
True,
an Opportunity cost is an Economics term that sees what an entities has foregone if it would have executed a specific transaction or job.