A Purchasing Agent Has Two Potential Firms from Which to Buy

question 64

Multiple Choice

A purchasing agent has two potential firms from which to buy materials for production. If both firms charge the same price, the material cost is a(n)

• A)irrelevant cost.
• B)relevant cost.
• C)sunk cost.
• D)opportunity cost.

---

Definitions:

Simp

Slang for someone who demonstrates excessive sympathy or attention towards another person, often without reciprocation.

Taut

An assertion that holds truth as a result of its inherent logic or by necessity.

MP

An abbreviation for Member of Parliament, an individual elected to serve in the legislative body of a country.

Justification

The action of showing something to be right or reasonable, or the reasoning behind such a demonstration.