Joint Costs Are Not Relevant to the Decision to Sell

question 96

True/False

Joint costs are not relevant to the decision to sell a product at the split-off point or to process the product further.

---

Definitions:

Performance Standards

Defined expectations for an employee's work conduct and outcomes, against which their actual performance is measured for appraisal and improvement purposes.

Strategic Objectives

Long-term goals set by an organization to achieve its overall strategy and mission.

Criterion Contamination

In performance appraisal or research, when factors unrelated to the construct being measured affect the scores.

Correlations

Statistical measurements that describe the extent to which two variables move in relation to each other.