In order for costs or benefits to be relevant, what must be true?
A)All decisions must relate to future.
B)Identifying relevant costs and benefits is an easy process.
C)Relevancy will relate both to the future and the past.
D)all of the above are true statements.

Question

Quizplus · Accepted Answer

Relevant costs and benefits are those that will occur in the future and will be affected by the decision at hand. Therefore, all decisions must relate to the future for costs or benefits to be relevant. B and C are incorrect because identifying relevant costs and benefits can be a complex process and relevancy only relates to the future, not the past.

In Order for Costs or Benefits to Be Relevant, What