Which of the Following Is Another Way of Saying "Marginal

question 137

Multiple Choice

Which of the following is another way of saying "marginal benefits of an action"?

• A) benefits given up, once the action is taken
• B) unintended gains from taking the action
• C) benefits accruing to others as a result of one's action
• D) extra benefits resulting from the action

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Definitions:

Outsourcing Production

The business practice of having goods or services produced by external organizations, typically to reduce costs.

Absorption Costing

An accounting methodology that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Required Rate of Return

The minimum expected return on an investment necessary for it to be considered a worthwhile endeavor.

Economic Value

The value of an asset derived from its ability to generate income, benefits, or utility for its owner.