Future Costs That Change as a Result of a Decision

question 10

Multiple Choice

Future costs that change as a result of a decision are:

• A) Sunk costs
• B) Variable costs
• C) Differential costs
• D) Opportunity costs

---

Definitions:

Win-Lose Strategy

A strategy that allows one side of a conflict to win at the expense of another.

Lose-Lose Strategy

A conflict resolution outcome in which all parties end up being worse off than before they started negotiating.

Arbitration

A form of dispute resolution where a neutral third party (the arbitrator) makes a decision to resolve a dispute, typically binding on the parties.

Compromise

The act of finding a middle ground between conflicting needs, desires, or demands.