Forgone contribution of resources, in to revenues because of not using resources, in next best use is classified as
a. in-source cost
b. opportunity cost
c. offshore cost
d. outsource cost
To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.
A. in-source cost
It is Wrong Because in-source cost does not include the correct answer.
B. opportunity cost
it is True, because opportunity cost is the best and correct answer to the above question. so, choose this answer.
C. offshore cost
Wrong. Because offshore cost is a bad choice for an answer.
D. outsource cost
This is also wrong, outsource cost Not completely the correct answer.
The Answer From Forgone contribution of resources, in to revenues because of not using resources, in next best use is classified as
So the correct answer is B i.e. opportunity cost. Hopefully, it can help work on your problem and can add to your insight as well.
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