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Explain How Opportunity Cost Differs From Accounting Cost

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Relevant costs are dependent on the decision. A sunk cost is a cost that has already been paid for whereas an opportunity cost is a prospective return that has not yet been earned. Optimal Decision Making And Opportunity Costs Video Khan Academy The loss of existing profits will occur only if customers order is accepted. . It is a potential benefit or income that is given up as a result of selecting an alternative over another. The concept is somewhat the same in economics as well as accounting. Let us look at how economic costs can differ from accounting costs in the treatment. The concept of opportunity cost is applied in various management accounting areas including. The opportunity cost attempts to quantify the impact of choosing one investment over another. On the other hand financial accounting helps us. What is the opportunity cost. The major difference between sunk cost and opportunity cost is that...
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In Itil Reliability Is Best Described as

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Reliability When it comes to ITIL availability management reliability is the measure of how long a service component or configuration item can perform its agreed function. Important Things- The Information Technology Infrastructure Library ITIL is a set of concepts and practices for Information Technology Services Management ITSM. Itil V3 Vs Itil V4 What Is Difference Between This Framework General Management Reliability Engineering Work Organization Delivering maximum value to customers. . Answer Explanation Answer. C Ensuring that agreed Service Level Requirements are met. ITIL Availability Management aims to define analyze plan measure and improve all aspects of the availability of IT services. ITIL is best described as a collection of IT Service Management best practices. B Repeatable and adaptable ITSM processes. B Reducing the total cost of providing services. Which of the following identifies. 3 It ...
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