"A monetary measure of consuming a resource or its output to achieve a specific managerial objective or making a resource or its output available and not using it" is a definition of which of the following terms?
A) Capacity
B) Interdependence
C) Cost
D) Avoidability

Question

Quizplus · Accepted Answer

The definition provided in the question is a clear definition of "Cost." It refers to the financial value of using or not using a resource or its output to achieve a specific managerial objective. Capacity refers to the maximum productive capability of a resource. Interdependence refers to the interconnectedness of various aspects of an organization's operations. Avoidability refers to the ability to prevent or eliminate a cost or expense. None of these terms match the definition provided in the question as closely as "Cost."

"A Monetary Measure of Consuming a Resource or Its Output