Weba motivation for choosing one alternative over another Which of the following situations is the best example of a negative consequence? Aaron missed the school bus because he decided to snooze after his alarm clock went off. Which of the following scenarios shows someone who benefited from a choice made? WebAn avoidable cost is a sunk cost that can be eliminated (in whole or in part) as a result of choosing one alternative over another. True or False True False This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer
Personal Financial Literacy Unit 1 Lesson 3 Flashcards Quizlet
WebOpportunity costs Avoidable costs Sunk costs Relevant costs Future costs that don't differ b/w alternatives Differential costs, A cost that can be eliminated by choosing one alternative over another is a(n) _____ cost., Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are _____ costs. WebA cost that can be avoided by choosing one alternative over another is not relevant for decision purposes. ... An avoidable cost is a cost that can be completely eliminated irrespective of whether one chooses one alternative or another in a decision. False. A fixed cost cannot be a differential cost. gardening maintenance inc
Chapter 12: Differential Analysis: The Key to Decision Making - Quizlet
WebAn avoidable cost is a cost that can be eliminated by choosing one alternative over another. What costs are always irrelevant when choosing among alternatives. Sunk sunk cost A sunk cost is a cost that has already been incurred and cannot be changed regardless of what a manager decides to do. WebA cost that can be eliminated by choosing one alternative over another is a ___ cost. sunk. ... The potential benefit given up when selecting one alternative over another is a ___ cost. c. original cost of the car. When planning a trip and deciding whether to drive or fly, the ___ is a sunk cost and should be ignored. ... WebQuestion: 1. Consider the following statements: I. A cost that can be avoided by choosing one alternative over another is relevant for decision purposes. II. A Make or Buy decision involves how much of a product to make or buy.. a. I is true; Il is true b. I is true; Il is false c. I is false; Il is true d. I is false; Il is false 2. gardens of blue ridge harrisburg pa