Costs and benefits arising from prior years operations are irrelevant for current period decisions.

Name: Costs and benefits arising from prior years operations are irrelevant for current period decisions.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Costs and benefits arising from prior years operations are considered sunk costs and should not be considered when making current period decisions as they cannot be changed or recovered. Only future costs and benefits should be taken into account in making current decisions.

Costs and Benefits Arising from Prior Years Operations Are Irrelevant