Relevant costs are ________.
A)past costs only
B)expected future costs
C)qualitative factors only
D)quantitative factors only
E)one-time-only costs

Question

Quizplus · Accepted Answer

Relevant costs are future costs that differ among alternatives. They are important in decision making as they can impact the final outcome. Past costs are not relevant as they cannot be changed and do not impact future decisions. Qualitative factors are important, but they alone cannot be used to make decisions. Quantitative factors are important, but not all quantitative factors are relevant for decision making. One-time-only costs may or may not be relevant depending on how they impact future decisions.

Relevant Costs Are ________