For purposes of decision making, avoidable costs are costs that:
A. differ between alternatives.
B. were incurred in the past.
C. will not be incurred in the future, regardless of the alternative chosen.
D. None of the above.
Answer: A
You might also like to view...
In the analysis of segment profitability, which of the following financial statements is prepared?
A) Segmented balance sheet B) Segmented statement of cash flows C) Segmented income statement using variable costing D) Segmented single-step income statement
The schedule of cost of goods manufactured is also known as a manufacturing statement.
Answer the following statement true (T) or false (F)
According to the principle of duties, an action is considered moral when it respects the rights of others and immoral when it violates another's rights
Indicate whether the statement is true or false
Which of the following is an element of an effective plan for crisis management?
A. evasive actions to put physical distance between the company and the crisis B. psychological and cultural actions to account for the human and emotional toll C. constraint actions to prevent the press or other outsiders from discussing the crisis D. incremental actions to ensure the crisis is handled in set stages over a long period E. aggressively competitive actions to help the company bounce back immediately