Select the term from the list provided that best matches each of the following descriptions. Put the number of the term in the column for Your Answer. Your Answer Description or Definition A. Future oriented costs that differ between business alternatives B. Costs that can be avoided when a product line or type of service is eliminated C. Costs that are incurred each time a company makes a single product of performs a single service D. Features such as company reputation, welfare of employees, and customer reaction E. Items that are future oniented and that differ between the alternatives F. Setting a selling price low enough to hure customers away from competitors G. Costs that are not relevant for decision making H. Costs that, for example, would include the cost of setting up machinery to produce a specific lot of units I. The $20 variation between Alternative A, which costs $100 and Alternative B, which costs $80 J. Revenues or cost savings that are sacrified when one alternative is chosen over another K. Deciding to purchase a component that until now has been produced in house. L. Future costs that do not have to be incurred if a specified course of action is taken Term 1. Avoidable costs 2. Batch-level costs 3. Differential costs 4. Low-ball pricing 5. Opportunity costs 6. Outsourcing decisions 7. Product-level costs 8. Qualitative characteristics 9. Relevant costs 10. Relevant information 11. Sunk costs 12. Unit-level costs
Definitions:
Order Of Nature
A concept referring to the natural rules and processes that govern the universe, often used in discussions about the naturalness or unnaturalness of behaviors or phenomena.
Adult Child
An adult who is considered in relation to their parents, often highlighting the ongoing relationship and roles within a family.
Self-image
An individual's conception of themselves, including their physical appearance, strengths, weaknesses, and how they believe they are perceived by others.
Perinatal Death
The death of a fetus or an infant during the period shortly before or after birth.