Which of the Following Best Describes a "Relevant Cost

question 164

Multiple Choice

Which of the following best describes a "relevant cost"?

• A)A factor that restricts production or sales of a product
• B)Cost of developing,producing,and delivering a product or service
• C)Expected future costs that differs among alternatives
• D)Costs that were incurred in the past and can not be changed

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Definitions:

The Economist

A renowned international weekly newspaper that focuses on current affairs, international business, politics, technology, and culture.

Exchange Rates

The price of foreign currency; for example, how many dollars we must give up in exchange for marks, yen, and pounds.

Balance Of Payments

A record of all economic transactions between residents of a country and the rest of the world in a given period.

Foreign Currencies

Money or other forms of payment issued by a country other than one's own, used to facilitate international transactions.