Variable Costs Are Always Relevant Costs

question 113

True/False

Variable costs are always relevant costs.

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Definitions:

Uplifts

The positive experiences in life, which may neutralize the effects of many hassles.

Neutralize

To make something ineffective by applying an opposite force or effect.

Effect Of Hassles

Refers to the impact that everyday stresses and minor annoyances ('hassles') have on a person’s mood and psychological wellbeing.

Avoidance-Avoidance Conflict

A psychological conflict arising when an individual must choose between two unfavorable options.