Question

Opportunity cost can be called as
(A) Irrelevant Cost
(B) Relevant Cost
(C) Standard Cost
(D) Sunk Cost.
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Answer 1

Answer:

Relevant Cost

Explanation:

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Answer 2

Relevant cost is a managerial accounting term that describes avoidable costs that are incurred only when making specific business decisions. The opposite of a relevant cost is a sunk cost, which has already been incurred regardless of the outcome of the current decision.