Consistency demands that a cost that is relevant in one decision be regarded as relevant in other decisions as well.
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Q10: The variable costs of a product are
Q11: Variable costs are always relevant costs in
Q12: Fixed costs are irrelevant in decisions about
Q13: Fixed costs are sunk costs.
Q14: Opportunity costs represent costs that can be
Q16: Sunk costs are costs that have proven
Q17: A cost that is assigned to a
Q18: Avoidable costs are irrelevant costs in decisions.
Q19: It may be a good decision to
Q20: Fixed costs may be relevant in a
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