Future Costs That Differ Across Alternatives Are

question 146

Multiple Choice

Future costs that differ across alternatives are

• A) opportunity costs.
• B) sunk costs.
• C) relevant costs.
• D) variable costs.
• E) product costs.

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Definitions:

Capacity

Refers to the legal competence of an individual or organization to enter into a binding contract and understand the obligations it imposes.

Bargaining

The process of negotiating the terms of an agreement or contract between two or more parties.

Ratification

The act of formally confirming or approving an agreement or act, making it officially valid.

Void

Refers to a legal declaration that an agreement or transaction is null and has no legal effect.