Examlex
Which of the following statements BEST describes the governing of Roman provinces under Augustus?
Avoidable Costs
Expenses that can be eliminated if a particular decision is made or if a particular activity is discontinued.
Irrelevant Costs
Costs that should not influence decision-making because they will not change regardless of the outcome.
Sunk Costs
Past expenditures that have already been incurred and cannot be recovered or altered by current or future actions.
Decision Making
Selecting a course of action from competing alternatives.
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