A business is considering purchasing a new production machine and will consider the original cost of the existing machine as relevant to its decision making.
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Q24: Costs and revenues that are not relevant
Q25: The only question a manager needs to
Q26: In decision making, only future costs can
Q27: No cost incurred prior to making a
Q28: Sunk costs are relevant for decision making.
Q30: Incremental costs are the costs that a
Q31: Incremental costs are cost increases resulting from
Q32: Special packaging costs to be incurred as
Q33: Opportunity costs are the profits that a
Q34: Losing regular sales as a result of
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