Match the Person or Term with the with the Correct

question 140

Multiple Choice

Match the person or term with the with the correct description.
-Justin S. Morrill

• A)1864 Democratic presidential candidate
• B)challenged Lincoln for the 1864 Republican nomination
• C)pushed for African-Americans to be Union soldiers
• D)American National Red Cross
• E)attacked peaceful Indian settlement
• F)president of the Confederacy
• G)land grants for colleges
• H)practiced a war of attrition
• I)surrendered to General Grant
• J)favored a Ten-Percent Plan of Reconstruction
• K)teacher on the Sea Islands
• L)marched through the South

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision; represents the benefits that could have been received by choosing the alternative.

Revenue Forgone

Potential income not earned or lost by choosing an alternative action, representing the opportunity cost of decisions.

Total Cost Method

A accounting approach that involves direct costs, indirect costs, and fixed and variable expenses to determine the overall cost of a product.

Manufacturing Costs

Expenses directly associated with the production of goods, including materials, labor, and overhead.