Choosing to Outsource a Component of a Product or Manufacture

question 123

Multiple Choice

Choosing to outsource a component of a product or manufacture it internally is an example of a(n) :

• A) Opportunity cost.
• B) Sunk cost.
• C) Out-of-pocket cost.
• D) Period cost.
• E) Fixed cost.

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Definitions:

Development Approach

A strategic process aimed at promoting growth, progress, or positive change within an individual, organization, or community.

Social Validity

The degree to which the goals, procedures, and outcomes of an intervention are acceptable and relevant to the people who are targeted, the stakeholders, and the society at large.

Behavioral Intent

A term used to describe the relation between the behaviors students exhibit and the outcomes they desire. When students act, even with behaviors considered to be inappropriate, they do so to achieve a result. The desired result, or outcome, can be viewed as the intent or function of the behavior. In turn, the intent of the behavior will affect the form (i.e., appearance) the behavior takes to achieve a desired outcome.

Coexisting Functions

The phenomenon where multiple factors or conditions operate or exist simultaneously, influencing outcomes or behaviors in complex ways.