Relevant costs are best described as

Name: Relevant costs are best described as
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

Relevant costs are future costs that differ between alternatives, meaning they are costs that will occur in the future and will vary depending on the decision made. Opportunity costs and out of pocket costs may be relevant costs in certain situations, but they are not always relevant. Future costs alone are not sufficient to determine relevancy, they must differ between alternatives.

Relevant Costs Are Best Described as