What Is the Term for the Additional Benefit Received as a Result

question 109

Multiple Choice

What is the term for the additional benefit received as a result of undertaking an action?

• A) the marginal benefit
• B) the marginal cost
• C) the average benefit
• D) the opportunity cost

---

Definitions:

Overhead Variances

The difference between actual overhead costs and the standard (or expected) overhead costs for a period.

Standard Costing System

An accounting system that uses standard costs instead of actual costs for recording costs of inventory and cost of goods sold, tracking variances.

Balanced Scorecard

A performance management tool that uses a range of financial and non-financial measures to assess an organization's performance.

Perspectives

Different ways of viewing or approaching a situation, often leading to varied interpretations or analyses.