Solved

Match Each of the Definitions That Follow with the Term

Question 163

Matching

Match each of the definitions that follow with the term (a-e) it defines.

Premises:
Strategy that focuses on reducing bottlenecks
Evaluation of how income will change based on an alternative course of action
Not relevant to future decisions
Possible result of using an inappropriate overhead allocation method
Revenue forgone from an alternative use of an asset
Responses:
Opportunity cost
Differential analysis
Theory of constraints
Sunk cost
Product cost distortion

Correct Answer:

Strategy that focuses on reducing bottlenecks
Evaluation of how income will change based on an alternative course of action
Not relevant to future decisions
Possible result of using an inappropriate overhead allocation method
Revenue forgone from an alternative use of an asset
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