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    Business
  3. Study Set
    Accounting in a Business Context
  4. Exam
    Exam 17: Accounting for Decision-Making: When There Are No Resource Constraints
  5. Question
    An Opportunity Cost of a Resource Is Normally Defined as the Maximum
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An Opportunity Cost of a Resource Is Normally Defined as the Maximum

Question 14

Question 14

True/False

An opportunity cost of a resource is normally defined as the maximum benefit which could be obtained from the resource if it were used for some alternative purposes.

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