If a Future Cost Is the Same for More Than

question 134

Short Answer

If a future cost is the same for more than one alternative, and it has no effect on the decision is known as a(n) _____________ cost.

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Definitions:

Merchants

Individuals or businesses engaged in the trade of goods, services, or commodities for profit.

Market Value

The estimated amount for which an asset or service would exchange between a willing buyer and seller in an arm's length transaction.

UCC

The Uniform Commercial Code, a set of laws that govern commercial transactions in the United States, intended to standardize regulations across the states.

Wholesaler

A type of intermediary in the distribution channel that purchases goods in large quantities from manufacturers or importers and sells them to retailers or other businesses.