Which of the Following Statements in Relation to Making Tactical

question 74

Multiple Choice

Which of the following statements in relation to making tactical decisions is incorrect?

• A) Future costs are always relevant.
• B) Sunk costs are always irrelevant.
• C) Allocated and unitised fixed costs are generally irrelevant.
• D) Opportunity cost is relevant when there is no excess capacity.

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Definitions:

Temporal Precedence

A principle stating that for one thing to cause another, the cause must occur before the effect.

Authority

Authority is the recognized power or right of an individual or organization to make decisions and enforce obedience, often within a specific domain or field.

Religious Figures

Individuals who are recognized within their religion for having roles of authority, influence, or spiritual significance.

Government Officials

Government officials are individuals who hold positions of authority and responsibility in government organizations, making decisions and implementing policies.