The Book Value of Equipment Currently Owned by a Company

question 78

Multiple Choice

The book value of equipment currently owned by a company is an example of a (n) :

• A) future cost.
• B) differential cost.
• C) comparative cost.
• D) opportunity cost.
• E) sunk cost.

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Definitions:

Extrinsic Motivators

Those motivators that come from outside sources, such as money and fame.

Cognitive Dissonance

The emotional state that results from acting in ways that contradict one’s beliefs or other actions.

High IQ

A measurement indicating that an individual has cognitive abilities or intelligence significantly above the average for their age group.

Divergent Thinking

A cognitive strategy or methodology designed to foster innovative ideas by examining a wide range of possible solutions.