Relevant Costs Are Often Referred to As

question 87

Multiple Choice

Relevant costs are often referred to as:

• A) Unavoidable costs
• B) Differential costs
• C) Sunk costs
• D) All of the above

---

Definitions:

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression (e.g., in linear equations) or a measure of some type of correlation.

Dependent Variable

The outcome factor in an experiment or study, whose changes are influenced by the independent variable(s).

Independent Variable

A variable that is manipulated or controlled in an experiment to test its effect on the dependent variable.

Coefficient of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatterplot.