Which of the following statements about a sunk cost is false? Question 11Answer a. It is relevant to future decisions b. It will not be impacted by any future decisions c. It cannot be changed d. It is a cost that has already been paid for
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- A sunk cost can be described as which of the following? A historical cost Cannot be changed regardless of future actions taken All of the items on the list describe a sunk cost. Always irrelevantWhich type of incurred costs are not relevant in decision-making (i.e., they have no bearing on future events) and should be excluded in decision-making? A. avoidable costs B. unavoidable costs C. sunk costs D. differential costs______ are the costs associated with not choosing the other alternative. A. Sunk costs B. Opportunity costs C. Differential costs D. Avoidable costs
- Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on future events) and should be excluded in decision-making?A. avoidable costsB. unavoidable costsC. sunk costsD. differential costsWhich type of incurred costs are not relevant in decision-making (i.e., they have no bearing on future events) and should be excluded in decision-making? Group of answer choices A. avoidable costs B. unavoidable costs C. sunk costs D. differential costsAny cost that is avoidable is relevant for decision purposes. O A. True O B. False
- Future costs that do not differ among the alternatives are not relevant in a decision. True or False True FalseWhat is the benefit of identifying avoidable and unavoidable cost in decisionmaking process? Discuss. **Do not provide the benefit of avoidable cost and unavoidable cost. The question is asking the benefit of IDENTIFYING.Listed below are a number of statements concerning relevant versus irrelevant costs and benefits. Complete each statement by providing the missing term or phrase. (Terms may be used more than once as an answer.) 1. _____ are costs that have already been incurred and are not relevant to future decisions 2.______ is a measure of the limit placed on a specific resource 3. A/an ________ is the foregone benefit of choosing to do one thing instead of another 4. Monthly Utility costs are estimated to be 1,200 regardless of the course action; in this case the utility costs are considered as a/an__________ 5. When a company has not yet reached the limit on its resources it has _________ 6. A/an _________ has the potential to influence a particular decision and will change depending on the alternative a manager selects. 7. at __________ opportunity costs become relevant and sould be incorporated into the analysis. 8. When managers are forced to choose one alternative over another due to…
- For a cost to be relevant to decision-making, it must be: in the future and differ among alternatives only be in the future O only has to differ among alternatives be larger in dollar amount than a specified limit O None of these is correct.Future costs that do not differ among the alternatives at hand are not relevant in the given decision-making situation. true or false? please answer immediatelyLabel each of the following statements as either true (“T”) or false (“F”). A sunk cost will change with a future course of action.