Which of the Following Costs Can Be Ignored When Making

question 17

Multiple Choice

Which of the following costs can be ignored when making a decision?

• A) Opportunity costs.
• B) Differential costs.
• C) Sunk costs.
• D) Relevant costs.
• E) All future costs.

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Definitions:

Range

The difference between the lowest and highest values in a set of data, indicating dispersion or variability.

Median

The middle value of a data set when it is arranged in ascending or descending order, or the point that divides the distribution into two equal halves.

Standard Deviation

A statistical measure of the dispersion or variation in a set of values, indicating how much the individual values differ from the mean of the set.

Social Competence

The ability to interact effectively with others, involving communication skills, empathy, and relationship-building.