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    Business
  3. Study Set
    Cost Accounting
  4. Exam
    Exam 20: Inventory Management, Just-in-Time, and Simplified Costing Methods
  5. Question
    The Opportunity Cost of the Stockout Is the Lost Revenue
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The Opportunity Cost of the Stockout Is the Lost Revenue

Question 63

Question 63

True/False

The opportunity cost of the stockout is the lost revenue on the sale not made plus any lost revenue on future sales due to customer ill will.

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