Which of the Following Best Describes Relevant Cost

question 64

Multiple Choice

Which of the following best describes relevant cost?

• A) Future costs that do not differ between alternatives are relevant cost.
• B) Sunk costs that do not differ between alternatives are relevant cost.
• C) Sunk costs that differ between alternatives are relevant cost.
• D) Future costs that differ between alternatives are relevant cost.

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Definitions:

Action Research

A participatory research method that involves iterative analysis, action, and reflection to solve problems or improve practices with the active involvement of stakeholders.

Population

The total number of individuals inhabiting a particular area, region, or country, including considerations of their demographics.

Representative Sample

A portion of a population that accurately represents the characteristics of the whole population.

Target Population

The specific group of individuals to whom a particular research study or marketing campaign is directed.