INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 94

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-A fund that invests both in foreign and U.S.Securities would be known as [an international | a global] fund.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Sunk Cost

Expenses that have already been incurred and cannot be recovered, and should not affect future economic decisions.

Remodeling

The process of improving or updating the structure, layout, or appearance of an existing building or space.

Marginal Costs

The expense incurred from the manufacture of an extra single product or service unit.

Total Cost

All expenditures related to the manufacture of goods or provision of services, integrating both unchanging and dynamic costs.