Advertisements
Advertisements
प्रश्न
What is opportunity cost?
What do you understand by opportunity cost?
What is meant by opportunity cost?
Advertisements
उत्तर
Opportunity cost, or alternative cost, is the benefit of the second-best use of a firm’s resources that is foregone to reap the return from the best use of those resources.
APPEARS IN
संबंधित प्रश्न
Indirect material scrap is adjusted along with ______.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Which cost decreases with increase in the volume of output?
Distinguish between direct costs and indirect costs.
Distinguish between Direct Labour cost and Indirect Labour cost.
A cost that is easily traceable to a cost object is known as ______.
"Some costs are semi-variable in nature." Comment.
What is meant by variable cost?
Classify cost according to its nature.
Write short notes on Variable Costs.
