Cash outlays that had been previously made and have no effect on the cash flows relevant to a current decision are called ________
A) incremental historical costs
B) incremental past expenses
C) opportunity costs foregone
D) sunk costs
D
Business
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What is a vertical marketing system (VMS)? What are the various types of VMSs?
What will be an ideal response?
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"Economies of scale" prevent a company from taking advantage of mass production.
Answer the following statement true (T) or false (F)
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A business uses a credit to record:
A. A decrease in a common stock account. B. A decrease in a revenue account. C. A decrease in an unearned revenue account. D. An increase in an expense account. E. A decrease in an asset account.
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