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How may opportunity cost be relevant in make-or-buy decision

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Reference no: EM13888884

1. Define the term "opportunity cost." How may this cost be relevant in a make-or-buy decision?

2. What is the decision rule in deciding whether to sell a product or process it further?

3. What are joint products? What accounting issue results from the production process that creates joint products?

Reference no: EM13888884

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