Relevant costs in decision making are (a) Historical costs ? (b) Future costs that differ between alternatives (c) Sunk costs (d) Total costs
Relevant costs in decision making are (a) Historical costs ? (b) Future costs that differ between alternatives (c) Sunk costs (d) Total costs
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 2MC: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on...
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Transcribed Image Text:Relevant costs in decision making are
(a) Historical costs
?
(b) Future costs that differ between alternatives
(c) Sunk costs
(d) Total costs
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