Which of the Following Costs Is Often Important in Decision

question 142

Multiple Choice

Which of the following costs is often important in decision making,but is omitted from conventional accounting records?

• A)Fixed cost.
• B)Sunk cost.
• C)Opportunity cost.
• D)Indirect cost.

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Definitions:

Unintended Consequences

Outcomes that are not the ones foreseen and intended by a purposeful action, often contrary to the original intentions.

Economic Change

Alterations in the structure, performance, or state of an economy over a period, influenced by policy, innovation, and external factors.

Secondary Effects

The indirect impact of an action or policy, which may occur as a ripple effect beyond the immediate or primary effects.

Unintended Consequences

Are outcomes that are not the ones foreseen or intended by a purposeful action, often revealing a discrepancy between the intended result and actual results.