TEST1

Relevant costs

Help question 35

Give me Answer

Help

I Need solution

Answer

Utility refers to the:   Question 55 options:   usefulness of a product   extent to which a product can be used as a capital resource   relative scarcity of a product   opportunity cost of a product   satisfaction that a customer derives from a good or service

Give me Answer

When should alternative measurement bases supplement cost?

Opportunity costs refer to – Group of answer choices The costs that happened in the past The benefit forgone when one alternative is selected over another The costs that do not differ among the decision alternatives The costs that can be avoided by selecting a particular course of action.

Besides the dollar cost, what other costs should you consider when comparingalternative solutions to a problem or goal?

Which of the following is an irrelevant cost? Group of answer choices An avoidable cost An incremental cost A sunk cost An opportunity cost

Future costs that differ across alternatives are: a. Opportunity costsb. Sunk costsc. Relevant costsd. Variable costs

Which of the following aspects of a cost-benefit study would have the greatest uncertainty as to its precise value?a. the tangible costsb. the intangible costsc. the tangible benefitsd. the intangible benefitse. none of the above because they are equally precise

Question 29 Replacement cost of an asset is related to:   A. Market value   B. Current costs   C. Capabilities of the old asset   D. Opportunity costs