The Additional Cost Incurred as a Result of Undertaking an Action

question 143

Multiple Choice

The additional cost incurred as a result of undertaking an action is:

• A)the opportunity benefit.
• B)the marginal benefit.
• C)the total cost.
• D)the gross cost.
• E)the marginal cost.

---

Definitions:

Required Return

The minimum return an investor anticipates or requires from an investment to make it worthwhile.

Ackerman Geometry

The front-end setup that allows a vehicle to steer so that the tires track freely during a turn. During a turn, the inboard wheel on a steer axle has to track a tighter circle than the outer wheel. Ackerman geometry is also known as toe-out during turns and it allows the inner and outer wheels to turn at different angles so that both wheels can roll through a turn without tire scrubbing.

Toe-out

A wheel alignment term where the front of the wheels are pointed slightly outward, which can affect handling and tire wear.

Steering Control Arm

The forged link that connects a drag link to the steering knuckle. Also known as a steering arm and a control arm.