Multiple Choice
Mr. Bigletter is employed at an annual salary of $25,000. He plans to start his own business and estimates that he can gross $30,000 annually. If he chooses to open the new business, his foregone salary is a (an) :
A) Irrelevant cost
B) Sunk cost
C) Opportunity cost
D) Incremental cost
Correct Answer:
Verified
Correct Answer:
Verified
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