A cost that is incurred no matter what values the decision variables assume is a(n)
a. reduced cost.
b. optimal cost.
c. sunk cost.
d. dual cost.
c. sunk cost.
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Even if private property rights grant managers authority over employees, the right of private property itself is limited by other rights and duties.
Answer the following statement true (T) or false (F)
IFRS permits firms to remeasure property, plant, and equipment upward for increases in fair value under certain conditions
Indicate whether the statement is true or false
Which of the following statements about Place is FALSE?
A. Product classes suggest Place objectives. B. Place decisions must take into consideration when customers want products. C. Place variations are required when target markets have different needs. D. Place decisions have longer-run implications than Price decisions. E. Place decisions have relatively little impact on competition in a product-market.
Which of the following is true of leverage?
A) It refers to the effects that operating and financial fixed costs have on the returns that shareholders earn. B) It is associated with risks which are out of the control of managers. C) It includes the effect of operating fixed costs on the returns of shareholders and not the financial fixed costs. D) It is used to evaluate the profitability associated with various levels of sales.