An Incremental Cost Is

question 68

Multiple Choice

An incremental cost is

• A) an additional total cost for an activity
• B) a cost that has already been incurred
• C) the difference in total costs between two alternatives
• D) always related to fixed costs

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Definitions:

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.

Unauthorized

Refers to actions taken without official permission or approval.

Personally Liable

Being personally responsible for fulfilling a legal obligation or paying off a debt, not limited to business or corporate liabilities.

Forge

To falsify something, especially a document, with the intent to deceive or defraud.