opportunity cost
8.The paper analyses the confusion in the concept of concerning cost in accounting and economics. It redefines the concept of accounting cost,comparing with opportunity cost,in order to better understand and handle accounting cost and opportunity cost.
9.But the way of selling on credit indudes opportunity cost, administrative cost and wasted accounts cost, so it increases the operating risks of the erterprises.
10.The authors discussed hospital cost decision-making and control from two aspects in this paper. One is to discuss the cost and management decision-making and analyze the limitation of hospital accounting cost and historic cost for management decision, and put forward the concept and nature of opportunity cost and informational cost.
