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Incremental Analysis: Definition & Examples

Instructions:

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

question 1 of 3

When would a company choose NOT to use incremental analysis with respect to equipment?

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1. What area of business is incremental analysis NOT helpful?

2. What is a sunk cost?

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About This Quiz & Worksheet

Incremental analysis is a procedure conducted in many businesses, and this quiz will evaluate how much you know about the procedure and what it is used to determine. The majority of the questions focus on your knowledge of related concepts and definitions.

Quiz & Worksheet Goals

With the aid of these assessment tools, you can measure how well you know:

  • Reasons for conducting incremental analysis
  • Definition of sunk cost
  • Definition of incremental analysis
  • Incremental analysis examples

Skills Practiced

By making use of this quiz and worksheet, you can polish the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related incremental analysis lesson
  • Critical thinking - apply relevant concepts to examine information about using incremental analysis in a different light
  • Defining key terms - verify that you can accurately define main phrases such as sunk cost
  • Knowledge application - use your knowledge to answer questions about when to conduct an incremental analysis

Additional Learning

Even if you are confident about your knowledge concerning this topic, you can always learn more information by going back to the Incremental Analysis: Definition and Examples lesson. Materials in the lesson touch on the topics in the quiz questions, but also cover the following:

  • Applications for incremental analysis
  • Handling similar information during comparisons
  • Data that is not included in these analyses
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