Which of the following concepts applies to all decision situations?
A)sunk costs
B)opportunity cost
C)relevance
D)outsourcing

Question

Quizplus · Accepted Answer

Relevance applies to all decision situations, as it requires evaluating the significance of each factor in the decision-making process. Sunk costs, opportunity costs, and outsourcing are more specific concepts that may not apply to every decision situation.

Which of the Following Concepts Applies to All Decision Situations