Concrete Blocks That Are Cut Across the Face Side Lengthwise

question 11

Multiple Choice

Concrete blocks that are cut across the face side lengthwise (horizontally) are called ______ .

• A) sides
• B) tops
• C) rips
• D) layers

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence ongoing investment decisions.

Opportunity Costs

The cost of opting for one alternative over another, typically representing the benefits one misses out on when choosing a particular option.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision.