The Divergent Viewpoints About How Resources,rewards,and Punishments Should Be Distributed,and

question 55

Multiple Choice

The divergent viewpoints about how resources,rewards,and punishments should be distributed,and the struggles resulting from these differences are known as

• A)culture.
• B)politics.
• C)structure.
• D)viewpoints.
• E)variance.

---

Definitions:

Variable Costs

Costs that change in proportion to the level of production or sales activity.

Sunk Cost

A cost that has already been incurred and cannot be recovered or changed.

Period Cost

Expenses on the income statement that are not directly tied to the production of goods, including sales, administration, and other overhead costs.

Opportunity Cost

The cost of foregone alternatives, representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.