Which Cost Is Not Relevant in Making Financial Decisions

question 47

Multiple Choice

Which cost is not relevant in making financial decisions?

• A)Sunk costs
• B)Opportunity costs
• C)Incremental costs
• D)Out-of-pocket costs

---

Definitions:

Cognitive Skills

Mental abilities involved in the process of acquiring knowledge and understanding through thought, experience, and the senses, such as perception, reasoning, memory, and attention.

Treatment Expense

The cost associated with medical care, including diagnostics, therapy, medication, and other interventions necessary to treat or manage conditions.

Adolescent Suicide Rate

The statistical measure of the number of suicide deaths in a given population of adolescents, usually per 100,000 individuals per year.

Antidepressants

Medications designed to improve symptoms of depression by altering chemical activity in the brain.