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5 Cards in this Set
- Front
- Back
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Avoidable Costs
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Particular future costs that can be avoided by taking particular paths
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Qualitative Characteristics
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Features of information such as company reputation, employee welfare, and customer satisfaction
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Quantitative Characteristics
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Features of information that can be mathematically measured.
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Relevant Costs
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future oriented costs that differ among alternative business decisions, same as avoidable costs
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Master Budget
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The combination of numerous separate but interdependent departmental budget that details a wide range of operating and financing plans including sales, production, manufacturing expenses, and admin expenses.
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