20. Presented below are terms preceded by letters a throughfand followed by a list of...
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Accounting
20. Presented below are terms preceded by letters a throughfand followed by a list of definitions 1 through 6. Match the letter of the terms with the definitions. Use the space provided preceding each definition 1. Out-of-pocket cost 2. Relevant benefits 3. Relevant cost 4. Sunk cost 5. Incremental cost 6. Opportunity cost a. A cost that requires a current outlay of cash b. The incremental revenue generated by selecting a particular course of action over another c. An avoidable cost d. A cost that cannot be avoided or changed in any way because it arises from a past decision; irrelevant to current and future decisions e. An additional cost incurred only if a particular action is taken f. The potential benefits of one alternative that are lost by choosing an alternative course of action
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