Which of the Following Terms Are Synonymous

question 34

Multiple Choice

Which of the following terms are synonymous?

• A) Avoidable costs and irrelevant costs
• B) Unavoidable costs and incremental costs
• C) Sunk costs and relevant costs
• D) Joint costs and sunk costs

---

Definitions:

Corporate Policy Decisions

Strategic choices made by a company's leadership that impact its operations, ethical stance, or market position.

Revised Model Business Corporation Act

A set of laws recommended for adoption by state legislatures in the United States to standardize the regulation of corporations across states.

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests and possibly rights to dividends and voting in company affairs.

Quorum

The minimum number of members of a deliberative body necessary to conduct the business of that group.