When making a decision, which of the following should not be considered?
A) Relevant costs
B) Opportunity costs
C) Sunk costs
D) Risk

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered. These costs are irrelevant in decision making because they cannot be changed regardless of the decision made. The other options (relevant costs, opportunity costs, and risks) are all important factors to consider when making a decision.

When Making a Decision, Which of the Following Should Not