A cost classified "for decision-making purposes" would include:
A) period cost.
B) opportunity cost.
C) controllable cost.
D)inventoriable cost.

Question

Quizplus · Accepted Answer

Opportunity cost is a cost that represents the benefits forgone by choosing one alternative over another. It is important for decision-making purposes as it helps in evaluating the best alternative among different options. The other options mentioned (period cost, controllable cost, and inventoriable cost) may not necessarily be relevant in decision-making as they may not directly affect the choice among alternatives.

A Cost Classified "For Decision-Making Purposes" Would Include