The Term Incremental Cost Refers to

question 14

Multiple Choice

The term incremental cost refers to

• A)the profit foregone by selecting one choice instead of another.
• B)the additional cost of producing or selling another product or service.
• C)a cost that continues to be incurred in the absence of activity.
• D)a cost common to all choices in question and not clearly or feasibly allocable to any of them.

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Definitions:

National Character

The idea that people in different cultures have different personalities.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and a desire to do a task well.

Freudian Theory

Freudian Theory postulates the existence of unconscious mental processes, sexual and aggressive instincts, and the defense mechanisms of the psyche.

Reality Principle

The reality principle is a psychoanalytic concept describing the process of delaying gratification of desires when necessary, based on the understanding of the constraints of the physical and social world.