The principles of timeliness and traceability underlie the estimation of costs and benefits.
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Q5: The benefits and costs that arise from
Q6: The principle of relevance helps decision makers
Q7: Changing our minds about our choice for
Q8: The principle of variability means that, when
Q9: Step costs change in proportion to the
Q11: Sunk costs influence value because they have
Q12: Few short-term decisions are recurring.
Q13: The core idea underlying estimation is that
Q14: Many decisions are difficult to classify as
Q15: A fixed cost does not change as
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