Description of an opportunity cost


Which of the following best describes an opportunity cost?

a.it is a relevant cost in decision making, and is part of the traditional accounting records.

b. its not a relevant cost in decision making, but its part of the traditional accounting records.

c.its a relevant cost in decision making , but its not part of the traditional accounting records.

d.its not a relevant cost in decision making,and its not part of the traditional accounting records.

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Accounting Basics: Description of an opportunity cost
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