Costs That Can Be Eliminated in Whole or in Part

question 50

Multiple Choice

Costs that can be eliminated in whole or in part by choosing one alternative over another are:

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

---

Definitions:

Secured Party

An individual or organization that holds interest in a secured transaction as a creditor, protected by collateral.

Financing Statement

A document filed to give public notice of a secured party's interest in the personal property of a debtor, usually in relation to a secured transaction.

Improper Filing

The submission of legal or official documents in a manner that does not comply with prescribed requirements or regulations.

Unperfected

Refers to a security interest or lien that has not been properly recorded or filed according to law, thus not fully enforceable against third parties.