The Term 'Incremental Cost' Refers To

question 19

Multiple Choice

The term 'incremental cost' refers to:

• A) a cost that is directly traceable to a specific cost object.
• B) the difference in total costs between alternatives.
• C) a cost that continues to be incurred even though there is no activity.
• D) the operating profit forgone by selecting one choice instead of another.

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Definitions:

Leader

An individual who influences and guides others towards achieving a goal, through direction, motivation, and fostering a sense of purpose.

Strategic Leadership

The ability of an organization's leaders to envision, maintain flexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization.

Continuous Change

A constant, ongoing process of adapting and improving organizations, processes, or products in response to external or internal factors.

Organizational Strategies

Plans and actions taken by a company to achieve its goals and improve its competitive position.