What Cost Concept Used in Applying the Cost-Plus Approach to Product

question 75

Multiple Choice

What cost concept used in applying the cost-plus approach to product pricing includes only desired profit in the markup?

• A) product cost concept
• B) variable cost concept
• C) sunk cost concept
• D) total cost concept

---

Definitions:

Cue-dependent Forgetting

The failure to recall information without memory cues, suggesting that the information is not lost but cannot be retrieved.

Proactive Interference

Forgetting that occurs when previously stored material interferes with the ability to remember similar, more recently learned material.

Decay

The gradual reduction or loss of information from memory over time when it is not used or rehearsed.

Retroactive Interference

Forgetting that occurs when recently learned material interferes with the ability to remember similar material stored previously.