Costs that are necessary to meet short-term goals are called

A. controllable costs. B. discretionary costs.

C. nondiscretionary costs.

D. uncontrollable costs.

Which of the following statements regarding capital expenditures is incorrect?

A The benefits from capital expenditures can be planned with certainty. B Capital expenditures cover an extended period of time. C Capital expenditures require a significant cash outlay. D Capital expenditures may result in a decrease in profits.