Which of the Following Statements Is True

question 88

Multiple Choice

Which of the following statements is true?

• A) Past costs are always relevant for decisions and are often useful in estimating future cost behaviour.
• B) Past costs are always relevant for decisions, but are rarely useful in estimating future cost behaviour.
• C) Past costs are never relevant for decisions, nor are they useful in estimating future cost behaviour.
• D) Past costs are never relevant for decisions, but are often useful in estimating future cost behaviour.

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Definitions:

Peach Canners

Peach canners are production facilities or workers involved in preserving peaches by canning them, which involves processing, sealing in an airtight container, and sterilizing to extend shelf life.

Market Efficiency

The extent to which market prices fully reflect all available information, making it impossible to consistently achieve higher returns.

Emissions

The release or discharge of substances (like gases or pollutants) into the environment, often from industrial or vehicular sources.

Harm

Refers to damage or injury that negatively affects someone or something in a physical, psychological, or financial manner.