Question

A cost, which does not involve cash outlay, is called:

a. Historical cost
b. Imputed cost and
c. Out of pocket cost

Answer 1

The answer would be : B. Imputed Cost

Imputed cost are the cost that could not be identified directly. example of imputed cost is an opportunity cost that may arise if you choose an investment

Meanwhile , outlay costs are the one that can be identified in the past , present, or future, which mean imputed cost does not included in the outlay cost