Costs That Are Always Relevant in Decision-Making Are

question 130

Multiple Choice

Costs that are always relevant in decision-making are:

• A) future costs.
• B) avoidable costs.
• C) sunk costs.
• D) fixed costs.

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Definitions:

Negative

Characterized by or expressing disapproval or pessimism.

Increasing

Describes a situation or quantity that is growing or becoming larger in size, value, or intensity over a period of time.

Consumption

The act of using goods and services to satisfy human desires, which plays a central role in economic theories and the measurement of economic health.

Income

The financial gain received by an individual or organization, usually through work, investments, or business operations.