Which of the Following Is Always Irrelevant to Short-Term Operating

question 116

Multiple Choice

Which of the following is always irrelevant to short-term operating decisions?

• A) relevant cost
• B) differential cost
• C) opportunity cost
• D) sunk cost

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Definitions:

Federal Tax Revenues

Federal tax revenues are the funds collected by the government from taxes, including income taxes, corporate taxes, and other levies, used to fund public services and government operations.

Personal Income Taxes

Taxes imposed by governments on individual earnings, such as wages, salaries, and other forms of income, with rates that typically vary according to income levels.

Tax Structure

The system or arrangement of various types of taxes imposed by a government, including their rates, bases, and method of collection.

Progressive

Relating to an approach or policy that aims to provide greater social services or advantages to those with lower incomes, funded by higher taxes on those with higher incomes.