The Sum of All the Costs Incurred in a Particular

question 22

Multiple Choice

The sum of all the costs incurred in a particular function,such as marketing,is called the ________.

• A) business function cost
• B) full product cost
• C) opportunity cost
• D) total manufacturing overhead

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Definitions:

Land

A portion of the earth's surface that is considered property and can include buildings and natural resources.

Abandoned

Property that the owner has deliberately relinquished all right, title, claim, and possession with the intention of terminating ownership but without vesting it in any other person.

Typewriter

A mechanical or electromechanical device used for typing characters onto a medium, usually paper, by means of a keyboard striking an ink-coated ribbon.

Consideration

The value (such as money, a service, or a promise) that is given by one party to another in exchange for performing or promising to perform a certain act.