Question: 1 . The amount of increase or decrease in cost that is expected from a course of action as compared to an alternative is called

1.The amount of increase or decrease in cost that is expected from a course of action as compared to an alternative is called __________.
a. sunk cost
b. opportunity cost
c. target cost
d. differential cost
abcd
2.An analysis that evaluates differential revenues and costs in order to determine the differential impact on profit and income of two alternative courses of action is called_____.
a. horizontal analysis
b. vertical analysis
c. ratio analysis
d. None of these are correct.
abcd
3.__________ are costs that have been incurred in the past, cannot be recouped, and are not relevant to future decisions.
a. Sunk costs
b. Historical costs
c. Product costs
d. None of these are correct.
abcd
4.The revenue that is forgone from an alternative use of an asset, such as cash, is called _____.
a. a sacrificial revenue
a. an opportunity cost
a. an economic loss
a. None of these are correct.
abcd

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