A Tabular Presentation That Shows the Outcome for Each Decision

question 101

Multiple Choice

A tabular presentation that shows the outcome for each decision alternative under the various states of nature is called:

• A)a payback period matrix.
• B)a decision matrix.
• C)a decision tree.
• D)a payoff table.

---

Definitions:

Total Cost

The complete cost of production that includes both variable and fixed expenses.

Marginal Cost

The financial outlay required to produce an additional single unit of a product or service.

Variable Cost

Costs that change in proportion to the level of goods or services that a business produces, such as materials and labor.

Total Cost

The total of all costs associated with the creation of goods or services, encompassing both constant and fluctuating expenses.