In short-term decision making the cost of a machine that was purchased last year is known as:
A) a relevant cost.
B) an actual cost.
C) a future cost.
D) a sunk cost.
Correct Answer:
Verified
Q42: What types of business normally make short-term
Q43: What are relevant costs and relevant revenues?
A)
Q44: Relevant costs and revenues are _ costs
Q45: Not including relevant costs and relevant revenues
Q46: Relevant costs and revenues:
A) are increases on
Q48: Incremental costs are cost increases:
A) from the
Q49: Costs that a business does not incur,
Q50: Opportunity costs are:
A) the profits that a
Q51: In deciding whether or not to drop
Q52: The accounting system helps a business' managers
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