You Spent $500 Last Week Fixing the Transmission in Your

question 70

Multiple Choice

You spent $500 last week fixing the transmission in your car.Now,the brakes are acting up and you are trying to decide whether to fix them or trade the car in for a newer model.In analyzing the brake situation,the $500 you spent fixing the transmission is a(n) ________ cost.

• A)opportunity
• B)fixed
• C)incremental
• D)sunk
• E)relevant

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Definitions:

Time Standards

The established amount of time required to complete a specific task, used for planning and performance evaluation.

Job Characteristics

The attributes or aspects of a job, such as its tasks, responsibilities, and working conditions, that can affect employee motivation and job satisfaction.

Motivate Employees

Refers to the process and strategies used by organizations to inspire and encourage workers to exceed minimum standards and achieve their fullest potential.

Canadian Charter

Refers to the Canadian Charter of Rights and Freedoms, a portion of the Constitution Act, 1982, which protects the civil rights of people in Canada from policies and actions of all levels of government.