Opportunity costs are the additional or incremental revenues generated by selecting a certain course of action.
Answer the following statement true (T) or false (F)
False
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What is convergence? List one advantage and one disadvantage of communication convergence in the Communication Age.
What will be an ideal response?
Which of the following costs change in total in direct proportion to a change in volume?
A) fixed costs B) variable costs C) mixed costs D) period costs
In a traditional format income statement for a merchandising company, cost of goods sold is a variable cost that is included in the "Variable expenses" portion of the income statement.
Answer the following statement true (T) or false (F)
________ is the creation of a new management practice, process or structure that changes the state of the art.
a. Administrative change b. Management innovation c. Organizational restructuring d. All terms above denote the same thing