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

a. Historical cost

b. Imputed cost and

c. Out of pocket cost

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