Which of the Following Statements Is True

question 115

Multiple Choice

Which of the following statements is true?

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

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Definitions:

Occupation

A person's job or profession, often defining a large part of their identity.

Strong Interest Inventory

A self-assessment tool that helps individuals identify their interests and potential career paths based on those interests.

Edwards Personal Preference Schedule

A psychological assessment tool designed to evaluate personality traits and personal preferences by presenting forced-choice items to respondents.

Bem Self-Esteem Scale

A psychological assessment tool developed by Sandra Bem to measure an individual's self-esteem based on their responses to a series of statements.