A cost that is relevant in one decision may not be relevant in another decision

Name: A cost that is relevant in one decision may not be relevant in another decision
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Relevant costs are costs that are directly affected by a decision and can therefore influence it, while irrelevant costs are costs that do not change based on the decision being made and have no impact on it. It is important to distinguish between the two when making decisions in order to focus on the costs that are truly relevant.

A Cost That Is Relevant in One Decision May Not