When Choosing Between Alternatives,the Contribution Margin of the Next-Best Alternative

question 138

Multiple Choice

When choosing between alternatives,the contribution margin of the next-best alternative is called

• A)Incremental revenue.
• B)Opportunity cost.
• C)Sunk cost.
• D)None of these ans choices are correct.

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Definitions:

System Variable

An element or feature within a system that can change and affect the system's operation or outcome.

Lineup Procedure

A process in law enforcement where witnesses to a crime are asked to identify a suspect from a group of people.

Perpetrator Absent Warning

A caution or alert given when the individual who committed a wrong or crime is not currently present or has not been identified.

Mistaken Identifications

Refers to incorrectly identifying a person or object as being the same as another person or object.