The costs associated with the use of resources are called:Multiple choice question.economic costs.implicit costs.explicit costs.accounting costs.

The costs associated with the use of resources are called:Multiple choice question.economic costs.implicit costs.explicit costs.accounting costs.

The costs associated with the use of resources are called:Multiple choice question.implicit costs.economic costs.explicit costs.accounting costs.

1. LO 10.1________ are the costs associated with not choosing the other alternative.Sunk costsOpportunity costsDifferential costsAvoidable costs

The cost sheet provides a summary of:a.Fixed costsb.Variable costsc.Direct costsd.All costs associated with a product or serviceClear my choice

Multiple Choice QuestionThe inflow and outflow of cash during a given period is called:Multiple choice question.incomebalance sheetcash flowassets