The Amount of Increase or Decrease in Cost That Is

question 38

Multiple Choice

The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is

• A) period cost
• B) product cost
• C) differential cost
• D) discretionary cost

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Definitions:

Supplier

An entity that provides goods or services to another entity, typically within the context of a supply chain or production process.

Procurement Cycle

describes the process of sourcing, acquiring, and managing resources and materials needed for production or operation in an organization.

Retailer

An enterprise or individual who markets products for personal or domestic consumption by customers.

Distributor

An intermediary entity in the supply chain that purchases products from manufacturers or wholesalers and sells them to retailers or directly to consumers.