Listed below are a number of statements concerning relevant versus irrelevant costs and benefits. Complete each statement by providing the missing term or phrase. (Terms may be used more than once as an answer.) 1. _____ are costs that have already been incurred and are not relevant to future decisions 2.______ is a measure of the limit placed on a specific resource 3. A/an ________ is the foregone benefit of choosing to do one thing instead of another 4. Monthly Utility costs are estimated to be 1,200 regardless of the course action; in this case the utility costs are considered as a/an__________ 5. When a company has not yet reached the limit on its resources it has _________ 6. A/an _________ has the potential to influence a particular decision and will change depending on the alternative a manager selects. 7. at __________ opportunity costs become relevant and sould be incorporated into the analysis. 8. When managers are forced to choose one alternative over another due to limited emplyee time and equipment availabilty, the business manager is facing a/an ______________
Listed below are a number of statements concerning relevant versus irrelevant costs and benefits. Complete each statement by providing the missing term or phrase. (Terms may be used more than once as an answer.) 1. _____ are costs that have already been incurred and are not relevant to future decisions 2.______ is a measure of the limit placed on a specific resource 3. A/an ________ is the foregone benefit of choosing to do one thing instead of another 4. Monthly Utility costs are estimated to be 1,200 regardless of the course action; in this case the utility costs are considered as a/an__________ 5. When a company has not yet reached the limit on its resources it has _________ 6. A/an _________ has the potential to influence a particular decision and will change depending on the alternative a manager selects. 7. at __________ opportunity costs become relevant and sould be incorporated into the analysis. 8. When managers are forced to choose one alternative over another due to limited emplyee time and equipment availabilty, the business manager is facing a/an ______________
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 10MC: Which of the following is one of the two approaches used to analyze data in the decision to keep or...
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Listed below are a number of statements concerning relevant versus irrelevant costs and benefits. Complete each statement by providing the missing term or phrase. (Terms may be used more than once as an answer.)
1. _____ are costs that have already been incurred and are not relevant to future decisions
2.______ is a measure of the limit placed on a specific resource
3. A/an ________ is the foregone benefit of choosing to do one thing instead of another
4. Monthly Utility costs are estimated to be 1,200 regardless of the course action; in this case the utility costs are considered as a/an__________
5. When a company has not yet reached the limit on its resources it has _________
6. A/an _________ has the potential to influence a particular decision and will change depending on the alternative a manager selects.
7. at __________ opportunity costs become relevant and sould be incorporated into the analysis.
8. When managers are forced to choose one alternative over another due to limited emplyee time and equipment availabilty, the business manager is facing a/an ______________
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