Costs That Can Be Eliminated in Whole or in Part

question 62

Multiple Choice

Costs that can be eliminated in whole or in part if a particular business segment is discontinued are called:

• A) sunk costs.
• B) opportunity costs.
• C) avoidable costs.
• D) irrelevant costs.

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Definitions:

Scorecards

Tools used to measure and report on the performance of an organization, department, or process against predefined goals.

Key Performance Indicators

Quantifiable measures that a company uses to gauge or compare performance in terms of meeting their strategic and operational goals.

Index

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Metrics

Quantitative measures used to track and assess the status of specific business processes, performance, and outcomes, aiding in decision-making and performance evaluation.