Register now or log in to join your professional community.
A. The difference in total costs that results from selecting one alternative instead of another.
B. A cost that cannot be avoided because it has already been incurred.
C. A cost that does not entail any dollar outlay but is relevant to the decision-making process.
D. A cost that continues to be incurred even though there is no activity.
Option (C) >>>>>>>>>>>> A cost that does not entail any dollar outlay but is relevant to the decision-making process.
Option C is correct
Opportunity costs are relevant in decision making though there is no outflow of funds
