The Term Differential Cost Refers To

question 56

Multiple Choice

The term differential cost refers to:

• A)a difference in cost which results from selecting one alternative instead of another.
• B)the benefit forgone by selecting one alternative instead of another.
• C)a cost which does not involve any dollar outlay but which is relevant to the decision-making process.
• D)a cost which continues to be incurred even though there is no activity.

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Definitions:

Technological Advances

Progress in technology that leads to new inventions and improvements in tools, systems, and processes impacting various aspects of life.

String Telephone

A simple communication device made by connecting two cups or cans with a string, used to transmit sound over a short distance.

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Portable electronic devices that allow for voice and data communication over cellular networks.

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The phenomenon where one person's mood or emotional state triggers a similar mood or state in another person.