A cost that will not be affected by later decisions is termed an opportunity cost

Quality management systems use many nonfinancial measures, such as the number of customer complaints and the volume of incoming customer-service phone calls, as a means to measure success or failure

Indicate whether the statement is true or false

The value of a parcel of real property is best measured by which of the following groups of characteristics:

A: Utility, scarcity, depreciation, and demand; B: Cost, demand, utility, and transferability; C: Scarcity, utility, feasibility, and cost; D: Demand, scarcity, transferability, and utility.