Match Each Statement with the Correct Item Below

question 12

Multiple Choice

Match each statement with the correct item below.
-Opportunity cost

• A)The difference in total cost between the alternatives in a decision
• B)Determines whether or not a segment should be kept or dropped
• C)Limited resources and limited demand for each product
• D)A specific set of procedures that produces a decision
• E)The point that products that have common processes and costs of production become distinguishable
• F)CHOICE BLANK
• G)CHOICE BLANK.
• H)Method of determining the cost of a product based on the price that customers are willing to pay Decisions involving a choice between internal and external production Products that have common processes and costs of production up to a point
• I)Past costs that cannot be affected by future decisions
• J)A percentage applied to the base cost to cover other costs plus profit
• K)Determines whether a specially priced order should be accepted or rejected
• L)Determines whether it is more profitable to process a joint product further
• M)Future costs that differ between alternatives
• N)CHOICE BLANK..
• O)When a company calculates product cost then adds the desired profit The benefit given up when one alternative is chosen over another

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Definitions:

Cultural Artifacts

Objects, symbols, or practices that represent the shared knowledge, beliefs, and values of a culture.

Social Institutions

Established systems and structures within society that dictate certain patterns of behavior, such as family, education, government, or religion.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Prototype

Describes an early model or initial release of a product designed to test a concept or process, serving as a typical example of a category.