"Variable costs are relevant and fixed costs are irrelevant." Explain why you agree or disagree with this statement
The statement is not true. Costs are classified as relevant or irrelevant depending on whether or not they are avoidable. A fixed cost may be avoidable (relevant) and a variable cost may be unavoidable (irrelevant) among alternatives being considered.
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Which of the following sections include cash flows from selling or repurchasing capital stock, long–term borrowing, and contributions from owners?
a. Investing activities section b. Noncash activities section c. Operating activities section d. Financing activities section
Try to leave the door at the rear of the room open throughout the presentation to allow people to enter and leave silently
a. true b. false
If a franchise is properly organized, the franchisee is an agent of the franchisor
Indicate whether the statement is true or false
Describe several ways in which federal agencies influence marketing activities.
What will be an ideal response?