Separable Costs That Do Not Differ Between Alternatives Are Irrelevant

question 129

True/False

Separable costs that do not differ between alternatives are irrelevant for decision making.

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Definitions:

Cirque

An open-sided, bowl-shaped depression formed in a mountain, commonly at the head of a glacial valley; produced by erosion of a glacier.

Depression

A geological formation resulting from the sinking of the Earth's surface, forming a bowl-like or flat area lower than the surrounding ground.

Valley

An elongated lowland between ranges of mountains or hills, often having a river or stream running along the bottom.

Ridge

On a weather map, an elongated area of high atmospheric pressure.