Which of the Following Costs Are Always Incremental and Relevant

question 93

Multiple Choice

Which of the following costs are always incremental and relevant in decision analysis?

• A)Opportunity costs and sunk costs
• B)Sunk costs and avoidable costs
• C)Unavoidable costs and opportunity costs
• D)Relevant costs and opportunity costs

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Definitions:

Public Services

Essential services provided by the government to its citizens, such as healthcare, education, and transportation.

Turnover

The total sales of a business in a certain period, or the rate at which employees leave a company and are replaced.

Absenteeism

The habitual non-presence of an employee at their job, often without good reason.

Cultural Factor

An element of the social environment that affects individuals' behaviors, values, and perceptions, and can influence business practices and consumer preferences.