Multiple Choice
Match the following terms the appropriate defintion.
-Opportunity Cost
A) A cash outflow
B) A resource sacrificed to bring benefit in current period; no remaining future benefit
C) A measure of a resource being sacrificed; includes assets and expenses.
D) Costs already incurred in the past
E) Net benefit of paths not taken in decision-making
F) Resource with future benefits
Correct Answer:

Verified
Correct Answer:
Verified
Q121: A contribution margin income statement is organized
Q122: Which of the following is a period
Q123: Shawna's Smoothies has the following cost information
Q124: Manseco Manufacturing had sales revenue last year
Q125: Given the following items listed below, identify
Q127: Tiny Tots Trikes (TTT), Inc. makes tricycles
Q128: Miracle Marble, Inc. incurred the following costs
Q129: When assigning manufacturing costs to production, which
Q130: Fabulous Furs, Inc. reports the following information
Q131: Direct costs include<br>A) direct materials and direct