Examlex
Match each term to its correct corresponding statement.
-The ear is on the _____ aspect of the head.
Incremental Costs
Costs that change as a result of a decision to increase or decrease the level of an activity or operation.
Sunk Costs
Costs that have already been incurred and cannot be recovered or altered by future actions, and therefore should not influence current or future business decisions.
Out-of-pocket Cost
Expenses that are paid out directly and result in a financial outlay.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating how much contributes to covering fixed costs and generating profit.
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