Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Though opportunity cost is an important factor in decision making, it does not involve physical cash out-flows. True or False?

user-image
Question added by Deleted user
Date Posted: 2014/07/24
hossam azzam
by hossam azzam , Fast food restaurant,s manager. , alexandria-egypt

YES

IT,S TRUE

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

Yes It is TRUE.

MADHU MOHAN
by MADHU MOHAN , Freelance Consultant , Freelance Accounting Consultant

True... Physical cash out-flow is not involved....It is actually a sort of imaginary cost involved while selecting one amoung the different options.

Malik Amin Muhammad Khan
by Malik Amin Muhammad Khan , Director Finance and Money Market Dealer , Pakistan Currency Exchange Pvt Lt; Franchise Dollar Shop

Opportunity cost is the cost of next best alternative; no physical outflow of cash is invovled. TRUE

Thaikkattil Mathew Joshi
by Thaikkattil Mathew Joshi , Group Credit Controller , Gps Group,Dubai.

Yes .It  is true.

 

Joshi Mathew

CIA

Deleted user
by Deleted user

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.

More Questions Like This