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    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 17: Accounting for Decision Making: With and Without Resource Constraints
  5. Question
    An Opportunity Cost Is the Maximum Benefit That Could Be
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An Opportunity Cost Is the Maximum Benefit That Could Be

Question 55

Question 55

True/False

An opportunity cost is the maximum benefit that could be obtained from a resource if it were to be used for some other purpose.

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