An Opportunity Cost Is the Contribution Margin of the Next-Best

question 60

True/False

An opportunity cost is the contribution margin of the next-best alternative use of the facilities.

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Definitions:

Terms and Conditions

The set of rules and guidelines that are associated with a service or product, which govern the use thereof.

Indirect-Order Message

A communication method where the main point or request is placed towards the end, after the background or rationale.

Negative News

Communication that conveys unfavorable, disappointing, or undesirable information to the recipient.

Strategy

A plan of action designed to achieve a long-term or overall aim.