#4 Matching - General Match the following terms and definitions. Each correct answer is worth_1 point(s). A. Flexible budget B. Responsibility accounting C. Controllable costs D. Profit center E. Investment center F. Opportunity cost G. Sunk cost Term Definition 1. Shows budgeted amounts based upon activity level. 2. Accumulates and reports revenues and costs that are under the individual manager's control 3. Costs that a manager has the authority to incur within a given period of time. 4. Incurs costs, generates revenues, and has control over the investment funds available for use. 5. Incurs costs and also generates revenues. 6. Cost that cannot be changed by any present or future decision. 7. Potential benefit that may be lost from following an alternative course of action