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You Want to Go Skiing for the Day

Question 45

Multiple Choice

You want to go skiing for the day. However, you realize you are scheduled to work. If you call in sick and do not go to work, the wages you will not earn (assuming you are an hourly employee) are considered a(n) :


A) Differential cost
B) Sunk cost
C) Out-of-pocket cost
D) Opportunity cost

Correct Answer:

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