A Relevant Cost Is

question 93

Multiple Choice

A relevant cost is:

• A)the foregone benefit of choosing to do one thing instead of another.
• B)a cost that differs across decision alternatives.
• C)a cost that has already been incurred.
• D)a cost that is the same regardless of the alternative the manager chooses.

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Definitions:

Espoused Values

are the explicitly stated values and standards that an organization or individual claims to uphold, which might differ from values-in-action.

Organizational Artifacts

Physical and symbolic items that represent the culture, values, and practices of an organization.

Organizational Culture

The set of shared beliefs, values, norms, and practices that shapes the social and psychological environment of an organization.

Cultural Strength

The degree to which shared values, beliefs, and norms contribute to the social and psychological well-being of an organization.