Question

Opportunity cost is the best example of
A. Sunk cost
B. Standard cost
C. Relevant cost
D. Irrelevant cost​

Answer 1

Answer:

standard cost

Explanation:

hope it is helpful

Answer 2

The correct answer is option (B.) Standard cost.

Explanation:

• Opportunity cost is the best example of Standard cost.
• Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
• For example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.
• Opportunity cost is the value of something when a particular course of action is chosen.