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What z-score values form the boundaries for the middle 60% of a normal distribution?
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.
Avoidable Cost
Costs that can be eliminated if a particular decision is made, such as discontinuing a product or service.
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