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lost opportunity

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The benefit foregone by choosing another course of action. Also known as the opportunity
cost. The lost opportunity is sometimes measured by the lost contribution margin (sales minus
the related variable costs).

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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