The Relevance of a Particular Cost to a Decision Is

question 39

Multiple Choice

The relevance of a particular cost to a decision is determined by the: (CMA adapted)

• A)riskiness of the decision.
• B)number of decision variables.
• C)amount of the cost.
• D)potential effect on the decision.
• E)accuracy of the cost.

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Definitions:

Acceptance

Acceptance, in contract law, refers to the expression of agreement to the terms of an offer, thereby creating a binding contract between parties.

Beneficiary

An individual or entity entitled to receive benefits or assets under a will, trust, insurance policy, or other financial instrument.

Statute Of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjuries.

Federal Laws

Laws enacted by the national government of a country, which apply to all citizens and entities within that nation's borders.