Which of the following best defines the concept of a relevant cost?
A. A past cost that is the same among alternatives.
B. A future cost that differs among alternatives.
C. A cost that is based on past experience.
D. A future cost that is the same among alternatives.
E. A past cost that differs among alternatives.
Answer: B
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a. economic b. technological c. self-awareness d. ethical
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a. observational b. normative c. experimental d. replication
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Indicate whether the statement is true or false