​Match the Type of Funding Agency in the Right Column

question 78

Multiple Choice

​Match the type of funding agency in the right column with its appropriate example(s) in the left column. Options will be used more than once.
-​Arts council, school district

• A)​federal
• B)​foundations
• C)​industry
• D)​nonprofit organizations
• E)​state and local

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Definitions:

Product Cost

The total expense incurred to produce and make ready for sale a product, including direct materials, labor, and overhead costs.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

Total Expected Cost

A projection of the total costs associated with a project or business activity, including both fixed and variable costs.

Variable Costs

Costs that vary depending on the amount of production or business operations.