Costs Are Relevant to a Particular Decision If They

question 215

Multiple Choice

Costs are relevant to a particular decision if they:

• A)are variable costs
• B)are fixed costs
• C)differ across the alternatives being considered
• D)remain unchanged across the alternatives being considered

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Definitions:

Reliability

How much a testing tool generates consistent and stable outputs over various times.

Validity

Refers to the extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.

Accuracy

The degree to which a measurement or estimation matches the true value or standard.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple measurements.