Mary Ann is trying to decide whether to fly to Florida or New York. The cost of her ticket will be the same either way. The cost of the ticket is an example of:
A) sunk cost.
B) opportunity cost.
C) avoidable cost.
D) irrelevant cost.
D
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New communications technologies like satellite TV and social media are likely to eliminate the need for markets to be geographically segmented as clusters of countries
Indicate whether the statement is true or false
The offering of services for cash is recorded in the revenue journal
Indicate whether the statement is true or false
Sandra was looking at the magazines on display while waiting in the checkout lane. Although she hadn't intended to purchase one, Sandra bought a magazine that caught her attention. This is an example of an impulse buy.
Answer the following statement true (T) or false (F)
The ultimate purpose of a capital budget is to forecast _____.
A. the target payback periods of the projects undertaken by a firm B. the funds required to purchase fixed assets for future projects C. the future value of the cash inflows from various projects D. the terminal value of the cash flows from different projects E. whether projects have multiple internal rates of return