The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):
A. Out-of-pocket cost.
B. Differential cost.
C. Sunk cost.
D. Alternative cost.
E. Opportunity cost.
Answer: E
You might also like to view...
A consumer doesn't have to learn anything new to use a ________
A) dynamically continuous innovation B) dynamically continuous new product C) discontinuous new product D) continuous innovation E) discontinuous innovation
Ollie Company entered into a lease agreement with Costello, Inc, to lease an asset that cost Ollie $120,000 . The lease agreement requires five annual year-end rentals of $40,000 each. Ollie's implicit rate on the lease is 1 . percent. Ollie's dealer profit on this lease would be
a. $14,086 loss. b. $14,086 gain. c. $18,000 gain. d. $80,000 gain.
Net income plus interest expense divided by average total assets is the formula for which of these analytical measures?
a. price-earnings ratio b. inventory turnover c. rate earned on total assets d. number of days' sales in inventory
Picabo drives a truck as an employee for Quik Delivery, Inc Picabo would most likely be considered acting outside the scope of her employment if she
a. crashed into a car at the airport while off duty. b. hit a pedestrian in a parking lot during a "working" lunch. c. ran over an attendant at Quik's gas station while refueling the truck. d. smashed into a store-front while intoxicated on-duty.