An Avoidable Cost Is a Cost That Can Be Eliminated

question 116

True/False

An avoidable cost is a cost that can be eliminated (in whole or in part)by choosing one alternative over another.

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Definitions:

Artisan's Lien

A legal claim granted to craftsmen or workers on the property they have repaired, built, or improved, ensuring payment for their services.

Judicial Lien

A claim against a debtor's property that is granted by a court judgment, securing payment of a debt or settlement.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Trustee

A person or organization that holds and administers property or assets for the benefit of a third party under the terms of a trust agreement.