In evaluating the relevance of specific information,which of the following must the decision maker know
A)the classification of any relevant costs.
B)the behavior of any relevant costs.
C)the context of the decision.
D)all relevant and irrelevant information and the context of the decision.

Question

Quizplus · Accepted Answer

To evaluate the relevance of specific information, the decision maker must understand the context in which the decision will be made. Knowing the classification or behavior of relevant costs may be helpful, but it is not necessary in all cases. Additionally, knowing irrelevant information is not necessary and may even be a distraction. Therefore, option C is the best choice as it highlights the importance of knowing the context of the decision.

In Evaluating the Relevance of Specific Information,which of the Following