The benefit sacrificed when one alternative is chosen over another is called sunk cost.
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Q2: Fixed costs are never relevant.
Q3: Irrelevant costs are costs that are the
Q4: Flexible resources may have unused capacity.
Q5: A situation in which management tells divisions
Q6: Short-run decision making only involves short-run decisions
Q8: A segment margin is always greater than
Q9: Resources that are acquired in advance of
Q10: In keep-or-drop decisions, both the segment's contribution
Q11: The first step in making a short-run
Q12: A choice between internal and external production
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