Costs that do NOT differ between alternatives are ________.

A) relevant to the decision
B) considered opportunity costs
C) considered irrelevant to the decision
D) important only if they represent a material dollar amount


C) considered irrelevant to the decision

Business

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To calculate the present value of four annual installments of $1,000 at an 8% interest rate beginning on January 1, 2016 and payments due on December 31 of each year, one would use the present value of an ordinary annuity table

Indicate whether the statement is true or false

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The key to good quality control is to evaluate quality early enough so that changes are made before the product is sold

Indicate whether the statement is true or false

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Which of the following statements is true of the earned value management (EVM) method?

a. It helps us see how the project is truly performing. b. It links the project’s schedule and costs with the work actually completed on it. c. both A and B d. neither A nor B

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It is a fundamental policy that if the parties do not provide definite enough terms in their contracts, the courts will complete the contract in the court's best judgment

a. True b. False Indicate whether the statement is true or false

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