Mark Is an Engineer Who Has Designed a Telecommunications Device

question 72

Multiple Choice

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.Mark purchased a machine two years ago to make experimental boards. The machine will be used to manufacture the new board. The cost of this machine is:

• A) an opportunity cost
• B) a sunk cost
• C) a differential cost
• D) a period cost

---

Definitions:

Goal Attainment Scaling

A method used to set and measure personal or project goals, often involving specifying clear, measurable indicators of success.

Client Follow-up

The practice of maintaining contact with clients after services have concluded to assess their current status and address any emerging needs.

Termination Process

The concluding phase of a professional relationship or service, involving the completion of set goals and the planning for post-service continuity.

Follow-up

The process of checking the status of something or someone after an initial interaction or intervention to ensure continuity of care or service.