Which of the Following Costs Are the Benefits That Are

question 86

Multiple Choice

Which of the following costs are the benefits that are forfeited or lost when one alternative is chosen over another?

• A)Incremental cost
• B)Sunk cost
• C)Opportunity cost
• D)Direct cost

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Definitions:

Net Income

Net Income is the profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Profit And Loss Ratio

An agreed upon ratio used to divide earnings or losses of a partnership.

Salary Allowances

Portions of an individual's salary that are non-taxed, typically for specific purposes like travel or housing.

Interest Allowances

Specific amounts deducted or allowed to accommodate interest on loans or advances, often related to banking or finance terms.