Which of the Following Costs Are Always Irrelevant in Decision

question 50

Multiple Choice

Which of the following costs are always irrelevant in decision making?

• A) avoidable costs
• B) sunk costs
• C) opportunity costs
• D) fixed costs

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Definitions:

Myelin Sheath

The fatty covering around nerve fibers that increases the speed and efficiency of electrical signal transmission in the nervous system.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell, consisting of a cell body, dendrites, and an axon.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain, the major conduit for information traveling between the brain and the rest of the body.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell, which is the fundamental unit of the nervous system enabling communication throughout the body.