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  3. Study Set
    Management Accounting Study Set 1
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    Exam 9: Relevant Information and Decision Making: Production Decisions
  5. Question
    Opportunity Cost Is the Maximum Available Contribution to Profit Foregone
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Opportunity Cost Is the Maximum Available Contribution to Profit Foregone

Question 14

Question 14

True/False

Opportunity cost is the maximum available contribution to profit foregone by using limited resources for a particular purpose.

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