Asked by
laney nichols
on Nov 12, 2024
Verified
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is
A) period cost
B) product cost
C) differential cost
D) discretionary cost
Differential Cost
Refers to the difference in total cost that will result from selecting one option over another in decision-making situations.
- Acknowledge the theories of sunk cost, differential cost, and opportunity cost in processes of decision-making.
Verified Answer
TR
Learning Objectives
- Acknowledge the theories of sunk cost, differential cost, and opportunity cost in processes of decision-making.