Q378
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
AnswerC.
offshore cost
D.
outsource cost
Answer: Option B
Solution
Answer: Option B
Solution:
Forgone contribution of resources, in to revenues because of not using resources, in next best use is classified as opportunity cost. Opportunity cost refers to what you have to give up to buy what you want in terms of other goods or services.