Explaining out-f of pocket costs and opportunity costs
Q1) Write down the difference between direct and indirect costs? Provide an example of each in context of teaching an accounting class at school.
Q2) How can out-f of pocket costs and opportunity costs be applied to personal financial decisions?
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How can out-f of pocket costs and opportunity costs be applied to personal financial decisions?
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Which of the following is an example of a variable cost?
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