Which One of the Following Terms Is Most Commonly Used

question 60

Multiple Choice

Which one of the following terms is most commonly used to describe the cash flows of a new project that are simply an offset of reduced cash flows for a current project?

• A)Opportunity cost
• B)Sunk cost
• C)Erosion
• D)Replicated flows
• E)Pirated flows

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Definitions:

Supply Availability

The extent to which goods, services, and materials needed by consumers or businesses are available for purchase or delivery.

Supply Research

The process of studying the market and suppliers to understand the availability, quality, and cost of materials or services needed by a business.

Benchmarking

A method of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.

Purchasing Process

A series of steps taken by organizations to acquire goods or services, typically including identification of needs, selection of suppliers, negotiation, and payment.