Which of the following is an irrelevant cost? Group of answer choices An avoidable cost An incremental cost A sunk cost An opportunity cost

An opportunity cost may be described as: a. a foregone benefit. b. a historical cost. c. a specialized type of variable cost. d. a specialized type of fixed cost.

Which of the following costs can be ignored when making a decision?a. Opportunity costs. b. Differential costs. c. Sunk costs. d. Relevant costs.

The benefit lost when choosing one option precludes receiving the benefits from an alternative option is called what? Opportunity costs Alternate costs O Variable costs O Relevant costs. Lost costs

Is there a difference between relevant costs and incremental costs? Explain.  Identify at least two (2) irrelevant costs in a make vs buy decision

Which of the following costs is relevant for decision-making? A. Sunk cost B. Fixed cost C. Opportunity cost D. Historical cost

One cost that is irrelevant in decision making is a sunk cost Group of answer choices True False

Relevant costs

example of lower of cost or net realizable value and explain

________ are the costs associated with not choosing the other alternative.A. Sunk costsB. Opportunity costsC. Differential costsD. Avoidable costs