Differential Cost in Managerial Decision Making

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a differential cost?

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1. What is a variable cost?

2. What is a fixed cost?

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About This Quiz & Worksheet

This quiz and worksheet will test what you know about how managers use differential costs. Several practice questions will require you to provide definitions for terms associated with this topic.

Quiz & Worksheet Goals

Work on this quiz when you're ready to demonstrate that you can accurately answer questions about:

  • Types of costs
  • How certain costs are calculated
  • Who uses differential costs

Skills Practiced

We designed this quiz and worksheet to help you practice study skills such as:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on differential cost in decision making by managers
  • Defining key concepts - ensure that you can accurately define main terms, such as differential cost, variable cost, and fixed cost
  • Information recall - access the knowledge you've gained regarding how to calculate differential costs

Additional Learning

Further information regarding this topic awaits you in the lesson entitled Differential Cost in Managerial Decision Making. Begin this lesson when you're ready to find out more about:

  • Costs associated with different businesses
  • Steps involved with finding differential cost
  • Uses for this form of cost
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