A Cost That Is Incurred Because of a Long-Range Policy

question 16

Multiple Choice

A cost that is incurred because of a long-range policy decision is known as a:

• A) discretionary cost.
• B) committed cost.
• C) continuous cost.
• D)standard cost.

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Definitions:

Tolerance for Ambiguity

The ability of an individual to remain comfortable and continue to function effectively in situations that are uncertain, unknown, or unclear.

Internal Locus

A psychological attitude where an individual believes that they can control their life and outcomes rather than external forces.

Creativity

The ability to produce original and valuable ideas or solutions.