When Evaluating Alternatives,what Type of Costs Should Be Considered

question 129

Multiple Choice

When evaluating alternatives,what type of costs should be considered?

• A) Relevant costs
• B) Sunk costs
• C) Prevention costs
• D) Fixed costs

---

Definitions:

Recession Overseas

An economic downturn that occurs in a country or region outside of one's own, potentially affecting global trade and economic stability.

Exports

Goods and services that are produced domestically and sold abroad

Aggregate Demand

The entire need for goods and services within an economy's market, assessed at a certain price level throughout a specific time span.

Wealth Effect

The change in spending that accompanies a change in perceived wealth, usually through market price changes of assets like homes or investments.