Terms Listed Below. -?The Benefit of the Risk Response Minus the Cost of the Cost

question 96

Multiple Choice

terms listed below.
-?The benefit of the risk response minus the cost of risk response

• A)?Risk response net benefit
• B)?Sustainability assurance
• C)?Internal failure costs
• D)?Duration-based costing
• E)?Transaction risk
• F)?Fraud

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Definitions:

Marginal Cost

The cost of producing one additional unit of a product, reflecting changes in variable cost as output is adjusted.

Average Cost

The total cost of production divided by the number of goods produced, providing a cost per unit of output.

Marginal Revenue

The incremental revenue resulted from the sale of one more product or service unit.

Total Revenue

The entire amount of income generated by the sale of goods or services.