_____ are never relevant in the decision-making process.
A)Fixed costs
B)Historical costs
C)Material costs
D)Variable costs

Question

Quizplus · Accepted Answer

Historical costs are not relevant in the decision-making process as they represent past costs and cannot be changed or influenced in the present or future. The relevant costs for decision making are those that will change based on different alternatives and can help determine the best course of action. Fixed costs, material costs, and variable costs can all be relevant in decision making depending on the situation.

_____ Are Never Relevant in the Decision-Making Process