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Though opportunity cost is an important factor in decision making, it does not involve physical cash out-flows. True or False?

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Question added by Deleted user
Date Posted: 2014/07/24
hossam azzam
by hossam azzam , Fast food restaurant,s manager. , alexandria-egypt

YES

IT,S TRUE

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

Yes It is TRUE.

MADHU MOHAN
by MADHU MOHAN , Freelance Consultant , Freelance Accounting Consultant

True... Physical cash out-flow is not involved....It is actually a sort of imaginary cost involved while selecting one amoung the different options.

Malik Amin Muhammad Khan
by Malik Amin Muhammad Khan , Director Finance and Money Market Dealer , Pakistan Currency Exchange Pvt Lt; Franchise Dollar Shop

Opportunity cost is the cost of next best alternative; no physical outflow of cash is invovled. TRUE

Thaikkattil Mathew Joshi
by Thaikkattil Mathew Joshi , Group Credit Controller , Gps Group,Dubai.

Yes .It  is true.

 

Joshi Mathew

CIA

True,

an Opportunity cost is an Economics term that sees what an entities has foregone if it would have executed a specific transaction or job.

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