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:

Armand V. Feigenbaum

A quality control expert and developer of the Total Quality Control concept, advocating for systems thinking in quality management.

Operations Management

The area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.

Post-World War II

The period after World War II, often associated with significant geopolitical, technological, and cultural changes worldwide.

Global Developmental Delay

A significant delay in two or more developmental domains in young children, affecting motor skills, speech, cognitive abilities, and social-emotional development.