Which of the statements below is correct with regards to relevant costs and relevant information?
A) Every relevant cost happens not only in the future, but also includes what happened in the past.
B) Every relevant cost happens in the future, but not every future cost will be relevant to the current decision to be made.
C) Relevant costs include both avoidable and unavoidable costs in evaluating options.
D) The relevant cost approach focuses on what remains the same among the alternative instead of what changes.

Question

Quizplus · Accepted Answer

With regards to relevant costs and relevant information, the statement which is correct is that, "Every relevant cost happens in the future, but not every future cost will be relevant to the current decision to be made."

Which of the Statements Below Is Correct with Regards to Relevant