Accountants Use Only _____ Costs in Their Computations of Short-Run

question 124

Multiple Choice

Accountants use only _____ costs in their computations of short-run total cost.

• A)opportunity
• B)implicit
• C)explicit
• D)variable

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Definitions:

Taking Possession

The act of acquiring ownership or control over an asset, property, or item.

Distribution Channel

A chain of businesses or intermediaries through which a good or service passes until it reaches the end customer.

Distribution Control

The process of overseeing and managing the movement of goods from the producer to the final consumer.

Financial Costs

The direct monetary expenses incurred by a company in producing, maintaining, and selling a product or service.