Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.
a. Managers cannot influence _______ in the short run.
b. Total _______ decrease when production volume decreases.
c. For decision-making purposes, costs that do not differ between alternatives are _______.
d. Costs that have already been incurred are called _______.
e. Total _______ stay constant over a wide range of production volumes.
f. The _______ is the difference in cost between two alternative courses of action.
g. The product’s _______ is the cost of making one more unit.
h. A product’s _______ and _______, not the product’s _______, should be used to forecast total costs at different production volumes.

  • CreatedApril 30, 2015
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