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lawyer [7]
3 years ago
13

The potential benefit that is given up when one alternative is selected over another is called a sunk cost. true false

Business
1 answer:
Keith_Richards [23]3 years ago
3 0

Answer:

false                            

Explanation:

The given statement depicts opportunity cost and not sunk cost. A gain, income, or interest of something which has to be given up in order to obtain or accomplish anything else. Because each resource can be put to different uses, each action, option, or decision has an added cost of opportunity.

On the other hand, Sunk cost refers to the cost already accumulated and also not recoverable. Sunk costs is often compared with potential costs, which could be reduced in the future if measures are taken.

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<span>Applicants describe how they handled specific problems and situations in previous jobs in a(n) behavioral structured interview.</span>
7 0
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krek1111 [17]

Answer: True

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alexdok [17]

Answer:

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Explanation:

3 0
3 years ago
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8090 [49]

Answer:

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Explanation:

The explanation is the following:

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In standard costing, variances are usu­ally revealed through accounts.

Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.

8 0
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Answer:

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Explanation:

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