Costs That Will Be Eliminated If a Particular Course of Action

question 88

Multiple Choice

Costs that will be eliminated if a particular course of action is undertaken are called

• A)sunk costs.
• B)opportunity costs.
• C)accounting costs.
• D)avoidable costs.

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Definitions:

Satisfaction

Satisfaction is the feeling of contentment or fulfillment that comes from meeting one's needs, expectations, or achieving a particular goal.

Success

The accomplishment of an aim or purpose, often marked by achieving specific goals.

Behavioral Factor

Elements of individual behavior that influence actions, decisions, and interactions in various contexts.

Modes of Thinking

Different ways in which the mind processes information and makes decisions, including logical, creative, and critical approaches.