91. Presented below are terms preceded by letters (a) through (f) and followed by a list of definitions 1 through 6. Match the letter of the terms with the definitions. Use the space provided preceding each definition.(a) Incremental cost(b) Opportunity cost(c) Out-of-pocket cost(d) Relevant cost(e) Sunk cost(f) Relevant benefits.__________ (1) A cost that requires a current outlay of cash.__________ (2) The incremental revenue generated by selecting a particular course of action over another.__________ (3) An avoidable cost.__________ (4) A cost that cannot be avoided or changed in any way because it arises from a past decision; irrelevant to current and future decisions.__________ (5) An additional cost incurred only if a particular action is taken.__________ (6) The potential benefits of one alternative that are lost by choosing an alternative course of action.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here