menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Cost Accounting Study Set 1
  4. Exam
    Exam 11: Decision Making and Relevant Information
  5. Question
    Opportunity Cost Is the Contribution to Operating Income That Is
Solved

Opportunity Cost Is the Contribution to Operating Income That Is

Question 175

Question 175

True/False

Opportunity cost is the contribution to operating income that is forgone by NOT using a limited resource in its next-best alternative use.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: In a decision as to whether or

Q170: Ralph's Mufflers manufactures three different product lines,

Q171: In a make-or-buy decision when there are

Q172: All variable costs are relevant and all

Q174: Answer the following questions using the information

Q176: Which of following are risks of outsourcing

Q177: Full cost of the product is:<br>A)the sum

Q178: Answer the following questions using the information

Q179: Answer the following questions using the information

Q180: Product mix decisions:<br>A)have a long-run focus<br>B)help determine

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines