____ are future costs that differ across alternatives.
A)Relevant costs
B)Irrelevant costs
C)Sunk costs
D)Past costs

Question

Quizplus · Accepted Answer

Relevant costs are future costs that differ across alternatives and are therefore useful in making decisions. Irrelevant costs are future costs that do not differ across alternatives and do not affect the decision. Sunk costs are past costs that cannot be changed and should not be considered in making decisions. Past costs are historical costs that have already been incurred and are also not relevant in making future decisions.

____ Are Future Costs That Differ Across Alternatives