Which of the following costs are NEVER relevant in the decision-making process?
A)fixed costs
B)historical costs
C)relevant costs
D)variable costs

Name: Which of the following costs are NEVER relevant in the decision-making process? A)fixed costs B)historical costs C)relevant costs D)variable costs
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Question

Quizplus · Accepted Answer

Historical costs are past costs that have already been incurred and cannot be changed. Therefore, they are never relevant in decision-making as they cannot influence future decisions.

Which of the Following Costs Are NEVER Relevant in the Decision-Making