A Purchasing Agent Has Two Potential Firms from Which to Buy

question 64

Multiple Choice

A purchasing agent has two potential firms from which to buy materials for production. If both firms charge the same price, the material cost is a(n)

• A)irrelevant cost.
• B)relevant cost.
• C)sunk cost.
• D)opportunity cost.

---

Definitions:

Bollywood

The segment of the Indian film industry based in Mumbai, known for its vibrant music, dance sequences, and dramatic storylines.

Local Media

Media outlets such as newspapers, television, and radio stations that focus on covering news, events, and interests of a specific geographical area or community.

U.S.-made Media Products

Content such as movies, TV shows, music, and digital media that are produced and originated from the United States.

Producing Their Own

The process by which individuals or organizations create or generate content, products, or services independently.