Question

Identify the odd one out.
Actual cost
Opportunity cost
Accounting cost
Explicit cost​

Answer 1

Answer:

4 answer is right explicit cost

Answer 2

The odd one out is opportunity cost because it is an implicit cost and other options are explicit cost.

Actual cost implies the actual expenditure that is incurred to acquire a product, service or an asset.

Opportunity cost is not an actual expenditure rather it implies a stake or an advantage that is gained by producing one commodity over the other.

Accounting cost is the cost which is recorded in the financial statements of a business. It includes the costs that involve the working capital.

Explicit cost​ is the cost which includes actual cost and accounting cost and all the similar costs that are involved in real production or business activities.