Select the Incorrect Statement Regarding Relevant Costs and Revenues

question 124

Multiple Choice

Select the incorrect statement regarding relevant costs and revenues.

• A) To be relevant, a cost or revenue must be future-oriented and must differ among the alternatives.
• B) Sunk costs are never relevant for decision-making purposes.
• C) Differential revenues are expected future revenues that differ from past revenues.
• D) Avoidable costs are also known as differential costs.

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Definitions:

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc.

Empowerment Skills

Abilities and competencies that enable individuals to gain control over their lives, including decision-making, problem-solving, and self-management.

Egalitarian People

Individuals who believe in the principle of equality, advocating for equal rights and opportunities for all.

Encouraging Behavior

Actions or words that promote confidence, motivation, or support in others, often aimed at fostering personal growth or overcoming challenges.