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11 Nov Opportunity costs and sunk costs are two cost concepts managers should understand in making decisions.? Differentiate between opportunity and sunk costs.? Are they used differently

Posted at 18:39h in Business & Finance / Accounting by

Opportunity costs and sunk costs are two cost concepts managers should understand in making decisions. 

  1. Differentiate between opportunity and sunk costs. 
  2. Are they used differently in making business decisions? Explain.

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