Which statement is false? The opportunity cost of labor is often less than the explicit cost.Opportunity costs are real costs.Explicit costs are...

mikgeo

Which statement is false?

[removed]	The opportunity cost of labor is often less than the explicit cost.
[removed]	Opportunity costs are real costs.
[removed]	Explicit costs are the only costs accounted for by accounting methodology.
[removed]	Monetary payment must be made before a cost is incurred.

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