The Term Differential Cost Refers To

question 73

Multiple Choice

The term differential cost refers to:

• A) a difference in cost between any two alternatives.
• B) the potential benefit forgone by selecting one alternative instead of another.
• C) a cost which does not entail any dollar outlay but which is relevant to the decision-making process.
• D) a cost which continues to be incurred even though there is no activity.

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Definitions:

Contextual

Relating to the circumstances surrounding a situation or event which add meaning.

Psychoanalytic

Pertaining to a theory and therapeutic approach that emphasizes the exploration of unconscious desires and conflicts as they manifest in behavior.

Uninvolved

A parenting style characterized by a lack of responsiveness to a child's needs and a general disengagement from their life.

Parents

The guardians responsible for raising and nurturing a child, which can include biological, adoptive, step, or foster parents.