Which of the Following Statements Is True

question 94

Multiple Choice

Which of the following statements is true?

• A)Fixed costs are sometimes relevant for decision making.
• B)Opportunity costs are never relevant to decision making.
• C)Information must be exactly accurate to be relevant to decision making.
• D)A cost that is relevant in one decision context is relevant in other decision contexts.

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Definitions:

Potential Investors

Individuals or entities that may be interested in investing resources, typically money, into a business or project with the expectation of future financial return.

Market Future

The projected development and trends within a specific market or industry in the forthcoming period.

Market Size

The total level of sales or potential sales for a product or service within a given market.

Bottom-Up Analysis

A strategy that starts with individual elements as the basis for building up to a complete financial analysis, strategy, or projection.