Avoidable costs are best described as: Select one: a. Revenues and costs that differ from one alternative to another. b. Costs incurred in the past that cannot be changed by future decisions. c. Costs that can be avoided by selecting a particular course of action. d. Fixed costs that cannot be traced directly to a product line.

c. Costs that can be avoided by selecting a particular course of action.

Explanation:

An avoidable cost is an expense that cannot be spent in the case when the activity is not performed. It refer to the variable cost where it can be eliminated from the busines operation like fixed cost that should be paid whether the activity is done or not

So here it can be avoided by choosing out a specific course of action

hence, the option c is correct

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know