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-The Least Important Cost to Consider When Making a Choice

question 167

Multiple Choice

  -The least important cost to consider when making a choice is the A)  marginal cost. B)  average cost. C)  sunk cost. D)  interest cost. E)  opportunity cost.
-The least important cost to consider when making a choice is the

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Definitions:

BFOQ

Stands for "Bona Fide Occupational Qualification," a legal term that allows for the consideration of characteristics normally deemed discriminatory if they are essential to a job's operation.

Mutual Mistake

A contract law term where all parties involved have a mistaken understanding about a crucial aspect of the agreement.

Basic Assumption

A fundamental belief or principle that is accepted as true without need for proof, underlying the basis of an argument or theory.

Material Effect

An impact significant enough to influence a decision, outcome, or valuation, often used in legal and financial contexts.

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