The Term Incremental Cost Refers to

question 128

Multiple Choice

The term incremental cost refers to

• A)the difference in total costs between alternatives.
• B)a cost that does not entail any dollar outlay but that is relevant to the decision-making process.
• C)the profit forgone by selecting one choice instead of another.
• D)a cost that constitutes expenses to be incurred even though there is no activity.

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Definitions:

Deinstitutionalization

The process of reducing or eliminating reliance on institutional care for mental health patients in favor of community-based services.

Eclecticism

An approach or methodology that combines theories, styles, or ideas from different sources or systems rather than adhering to a single system.

Cognitive Therapy

A type of psychotherapy that aims to change negative patterns of thought to improve mood and behavior.

Drug Therapy

The treatment of disease or symptoms with pharmaceutical drugs.