Examlex
Which of the following statements regarding activity-based cost drivers is correct?
Decision
The process of making choices among alternative courses of action.
Sunk Costs
Costs that have already been incurred and cannot be recovered, and thus should not affect future business decisions.
Future Costs
Costs that will be incurred in the future, impacting decisions on investments, production, and other business activities.
Relevant
Relates to or directly impacts the subject under discussion.
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