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    Managerial Accounting Study Set 22
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    Exam 7: The Use of Cost Information in Management Decision Making
  5. Question
    Opportunity Costs Represent the Benefits Foregone by Selecting One Alternative
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Opportunity Costs Represent the Benefits Foregone by Selecting One Alternative

Question 17

Question 17

True/False

Opportunity costs represent the benefits foregone by selecting one alternative over another.

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