A Cost That Is Unavoidable Regardless of the Actions of a Decision

question 3

Multiple Choice

A cost that is unavoidable regardless of the actions of a decision maker is called

• A) A sunk cost
• B) A marginal cost
• C) An opportunity cost
• D) An incremental cost

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Definitions:

Substantive

Pertaining to something that is real, substantial, or considerable in terms of importance, size, or value.

Emotional Issues

Challenges related to managing one's emotions within personal or work-related contexts, potentially impacting mental health or performance.

Matrix Organizational Structure

A complex organizational design that combines elements of both functional and project- or product-based structures.

Substantive Conflicts

Refers to disagreements over goals, resources, rewards, policies, procedures, and job assignments, which are fundamental to the tasks or the objectives of an organization.