Costs That Have Not Yet Been Incurred and That May

question 36

Multiple Choice

Costs that have not yet been incurred and that may vary among different courses of action are called:

• A)Opportunity costs.
• B)Out-of-pocket costs.
• C)Joint costs.
• D)Sunk costs.

---

Definitions:

Personal Gains

Benefits or advantages gained by an individual, often from a situation or through their actions, which can be material or immaterial.

Encouraging Behavior

Actions intended to support, motivate, or promote confidence in individuals or groups.

Challenger

An entity or individual that questions, competes against, or provides alternatives to the current status quo or dominant players.

Devil's Advocate

A person who expresses a contentious opinion in order to provoke debate or test the strength of opposing arguments.