This Is Not a Factor That Is Found to Be

question 19

Multiple Choice

This is not a factor that is found to be critical to the community- based ecotourism project's success.

• A) perception that the decisions arrived at will be implemented
• B) inclusion of all stakeholders
• C) formulation of aims and objectives
• D) recognition of individual and mutual benefits
• E) development completely by private sectors

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered, and should not affect future business decisions.

Relevant Cost

Costs that will be affected by a decision in the future and therefore should be considered in decision-making processes.

Sell or Process Further

A decision-making process used in managerial accounting to determine whether it is more profitable to sell a product as is or process it further.

Incremental Revenue

The additional revenue generated from a new business action or decision, beyond the existing revenue stream.