A Cost That Requires a Future Outlay of Cash,and Is

question 57

Multiple Choice

A cost that requires a future outlay of cash,and is relevant for current and future decision making,is a(n) :

• A)Out-of-pocket cost.
• B)Sunk cost.
• C)Opportunity cost.
• D)Operating cost.
• E)Uncontrollable cost.

---

Definitions:

Arbitration Agreements

Legal contracts that require parties to resolve disputes through arbitration rather than litigation.

Courts

Judicial tribunals that meet in a regular place and apply the law in an attempt to settle disputes by weighing the arguments presented by advocates for each party.

Settle

To resolve a dispute, agreement, or financial transaction in a final and conclusive manner, often through negotiation or payment.

Trial

A legal process where a case is examined in a court to determine whether the accused is guilty or innocent.