The Amount of Increase or Decrease in Cost That Is

question 10

Multiple Choice

The amount of increase or decrease in cost that is expected from a particular course of action as compared to an alternative is termed:

• A) period cost.
• B) product cost.
• C) differential cost.
• D) discretionary cost.

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Definitions:

Corporate Social Responsibility Pyramid

outlines the hierarchical levels of responsibility a corporation holds towards society, including economic, legal, ethical, and philanthropic.

Philanthropic

Pertaining to the act of giving money, goods, time, or effort to support a charitable cause, often with a focus on improving human well-being.

Global Corporate Responsibility

The practice where businesses consider the social, environmental, and economic impacts of their operations globally and commit to act in an ethical and sustainable manner.

Archie B. Carroll

A prominent academic known for his work on corporate social responsibility and the pyramid of CSR, emphasizing the responsibilities businesses have towards society.