Dynamite ________

question 144

Multiple Choice

Dynamite ________.

• A)was invented by Alfred Nobel
• B)is made of nitroglycerine and an absorbent such as diatomaceous earth
• C)is a much safer explosive than pure nitroglycerine
• D)is an explosive
• E)all of the above

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Definitions:

Avoidable Costs

Expenses that can be eliminated if a particular decision is made or if an activity is ceased.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and should not affect future business decisions.

Irrelevant Costs

Costs that will not be affected by a decision and should not be considered when making that decision.

Periodic Basis

A method of accounting where financial and inventory records are updated at regular, fixed intervals.