_________ refers to the most valuable alternative that is given up if a particular investment is undertaken?
A. Sunk cost
B. Opportunity cost
C. Financing cost
D. All of the given options
A. New expansion project
B. Old expanded project
C. Firm borrowing project
D. Product line selection
A. present value consent
B. mutually exclusive
C. mutual project
D. mutual consent
A. Chief Financial Officer
B. Vice President of Operations
C. Chief Executive Officer
D. Board of Directors
An individual authorized by another person, called the principle, to act on the latter’s on behalf is known as an/a:
A. Agent
B. Servant
C. Subordinate
D. Assistant
In which type of business, all owners in gains and losses and all have unlimited liability for all business debts?
A. Sole-proprietorship
B. General Partnership
C. Limited Partnerhsip
D. Corporation
A. Hybrid stock
B. Common liabilities
C. Debt liabilities
D. Preferred stock