The Difference in Cost Between Two Alternatives,such as to Make

question 43

Multiple Choice

The difference in cost between two alternatives,such as to make a component part of a final product versus buying the part from an outside supplier is called:

• A)Variable cost.
• B)Differential cost.
• C)Product cost.
• D)Indirect cost.

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Definitions:

Sensation

The process by which sensory receptors and the nervous system receive and represent stimulus energies from the environment.

Chemoreception

The physiological response of a cell or an organism to chemical stimuli in the environment.

Perception

The process by which sensory information is interpreted and organized to understand and interact with the environment.

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.