Opportunity costs are economic measures and therefore not relevant to accounting decision making.

Name: Opportunity costs are economic measures and therefore not relevant to accounting decision making.
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Question

Quizplus · Accepted Answer

Opportunity costs are relevant to accounting decision making because they refer to the cost of choosing one option over another, including the potential benefits foregone from the rejected option. This information can be used in making informed decisions on investments, pricing, and resource allocation.

Opportunity Costs Are Economic Measures and Therefore Not Relevant to Accounting