Costs that vary among alternatives are irrelevant for decision making.

Name: Costs that vary among alternatives are irrelevant for decision making.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Costs that vary among alternatives can have a significant impact on decision making. Since one of the main objectives of decision making is to select the alternative with the lowest cost or highest benefit, the costs associated with each alternative must be considered. Therefore, costs that vary among alternatives are relevant for decision making.

Costs That Vary Among Alternatives Are Irrelevant for Decision Making