If a Cost Is Irrelevant to a Decision,the Cost Could

question 106

Multiple Choice

If a cost is irrelevant to a decision,the cost could not be

• A)a sunk cost.
• B)a future cost.
• C)a variable cost.
• D)an incremental cost.

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Definitions:

Mutually Exclusive

Describes a condition in probability and statistics where two events cannot occur at the same time; the occurrence of one event excludes the possibility of the other event occurring.

Disjunction

A logical operation expressing that at least one of the connected statements is true; often symbolized with "or" in formal logic.

Probability

An indicator of an event's occurrence probability, given as a value from 0 to 1.

Disjunction

A logical operation that forms a compound statement from two statements, true if at least one of the statements is true.