Expenditures Associated with Items Already Purchased,that Are Irrelevant to Future

question 50

Multiple Choice

Expenditures associated with items already purchased,that are irrelevant to future decisions are called:

• A)opportunity costs
• B)incremental costs
• C)sunk costs
• D)joint costs

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Definitions:

Organizational Strategy

A plan of action designed to achieve long-term or overall aims and objectives of an organization.

OD Practitioners

Professionals involved in organizational development who facilitate change and improve organizations’ effectiveness through research and application of behavioral science methods.

Employee Self-Actualization

The process by which individuals realize their full potential in their professional roles, contributing to their sense of fulfillment.

Organizational Development

A domain focused on enhancing understanding and improving how people can more effectively achieve organizational change and better performance through research, theoretical development, and practical application.