Schedule of Activity Costs ​

question 10

Multiple Choice

Schedule of Activity Costs ​
-Which of the following is not an external failure cost?

• A)warranty work
• B)processing returned merchandise
• C)rework
• D)correcting invoice errors

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity.

Bongos

Bongos are a pair of small, connected drums of different sizes, originating from Cuba, played with the hands and used in Latin American music.

Frisbees

Disc-shaped gliding toys or sporting items that are thrown and caught for recreational purposes.

Opportunity Cost

Passing up on possible benefits from numerous alternatives due to choosing one.