The Change in Cost Caused by a Given Managerial Decision

question 29

Multiple Choice

The change in cost caused by a given managerial decision is:

• A) implicit cost.
• B) incremental cost.
• C) explicit cost.
• D) opportunity cost.

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Definitions:

Behavior

The actions or reactions of an individual or group, often in response to their environment.

Halo Effect

A cognitive bias where an individual's overall impression of a person influences how they feel and think about that person's character.

Characteristic

A distinguishing quality, trait, or feature of a person, thing, or category.

Perceptual Defense

A psychological concept referring to an individual's tendency to unconsciously protect themselves from unpleasant or threatening information, ideas, or perceptions.