Which of the Following Statements Is Correct About Relevant Range

question 2

Multiple Choice

Which of the following statements is correct about relevant range?

• A)The relevant range only applies to fixed costs in the context of "step costs."
• B)The relevant range determines production levels for the company.
• C)The relevant range helps managers make decisions based on normal operations,but the relevant range is not prescriptive beyond the range.
• D)The relevant range is useful for operations managers,but not necessarily for cost managers within a production facility.

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Definitions:

International Business Activity

This term describes the trade, investments, and operations a company conducts across national borders.

Cell Phones

Portable electronic devices that enable users to make voice calls, send text messages, and access various multimedia and internet services.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

More Efficiently

implies improving productivity or performance using fewer resources or achieving better outcomes in a shorter time frame.