Costs that have not yet been incurred and that may vary among different courses of action are called:
A)Opportunity costs.
B)Out-of-pocket costs.
C)Joint costs.
D)Sunk costs.

Question

Quizplus · Accepted Answer

Out-of-pocket costs are expenses that will be incurred in the future and can vary depending on the action taken. These costs are directly out of pocket and are relevant for decision-making because they have not yet occurred and will differ among alternatives.

Costs That Have Not Yet Been Incurred and That May