Matching ​Match Each Statement with the Correct Item Below

question 112

Multiple Choice

Matching
​
Match each statement with the correct item below.
-​Sunk costs

• A)​the difference in total cost between the alternatives in a decision
• B)​determine whether or not a segment should be kept or dropped
• C)​limited resources and limited demand for each product
• D)​a specific set of procedures that produces a decision
• E)​the point at which products that have common processes and costs of production become distinguishable
• F)​method of determining the cost of a product based on the price that customers are willing to pay
• G)​decisions involving a choice between internal and external production
• H)​products that have common processes and costs of production up to a point
• I)​past costs that cannot be affected by future decisions
• J)​a percentage applied to the base cost to cover other costs plus profit
• K)​determine whether a specially priced order should be accepted or rejected
• L)​determine whether it is more profitable to process a joint product further

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Definitions:

Labor Standards

Set of regulations governing the minimum conditions of employment, including working hours, wages, safety, and child labor protections.

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.

Labor Cooperation

The collaboration between labor forces, often across organizations or countries, to achieve common objectives.

Social Clause

A provision in trade agreements aimed at ensuring that trade does not lead to the detriment of labor or environmental standards.