Question

Opportunity costs are an important consideration for managers when deciding whether to accept special orders.

Answer 1

Answer:

True

Explanation:

When deciding whether to accept special orders, it is important that opportunity costs is considered by managers.

It helps managers to make a good choice and not regret later.

When deciding whether to accept special orders, it is important to compare and calculate what extra revenues that will be made against the extra costs that will be incurred.

Opportunity costs is actually a hypothetical cost which is incurred due to going for an alternative over the other available.