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To Be Relevant in Decision Making,cost or Revenue Information Must

question 135

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To be relevant in decision making,cost or revenue information must be future-oriented and must not differ among the alternatives.


Definitions:

Group Polarisation

Describes the tendency of a group to make decisions that are more extreme than the initial inclination of its members, often leading to riskier or more conservative positions.

Prejudice

Preconceived opinion or bias against an individual or group without adequate knowledge, reason, or experience, often based on stereotypes.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Physical Appearance

The outward characteristics or look of a person or object, including features such as shape, color, and form.

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