Which of the Following Is Not a Possible Alternate Term

question 28

Multiple Choice

Which of the following is not a possible alternate term for costs that can be eliminated by taking a specified course of action?

• A) Avoidable costs
• B) Opportunity costs
• C) Relevant costs
• D) Differential costs

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Definitions:

Statement Of Income

A financial statement that shows a company's revenues, expenses, and net profit or loss over a specific period.

Intangible Asset

An asset that is not physical in nature, such as patents, trademarks, and goodwill, which has value due to its potential to generate economic benefits.

Identifiable

Capable of being recognized and distinguished from others, often used in accounting and finance to describe assets that can be attributed to a particular entity.

Cash Flows

The inflows and outflows of cash and cash equivalents, representing the operating, investing, and financing activities of a business.