Match Each Phrase That Follows with the Term (A-E) It

question 83

Short Answer

Match each phrase that follows with the term (a-e) it describes.
-Evaluation of how profit will change based on an alternative course of action
A)Opportunity cost
B)Sunk cost
C)Theory of constraints
D)Differential analysis
E)Product cost distortion

• A)Opportunity cost
• B)Sunk cost
• C)Theory of constraints
• D)Differential analysis
• E)Product cost distortion

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Definitions:

Thematic Apperception Test

A projective psychological test that uses storytelling in response to pictures to assess personality and emotional functioning.

Interest Inventories

Tests that measure likes and dislikes as well as one’s personality orientation toward the world of work. Generally used in career counseling. It is a type of personality test.

Diagnostic And Statistical Manual

A publication by the American Psychiatric Association that offers a common language and standard criteria for the classification of mental disorders.

WWI Recruits

Individuals conscripted or volunteered for military service during World War I, often subject to various tests for intelligence and capability.