Which of the following costs should be used when choosing between two decision alternatives? $$\begin{array} { l c c c }
& \text { Relevant } & \text { Sunk } & \text { Opportunity } \
& \text { Cost } &\text { Cost } & \text { Cost } \
A.&\text { No } & \text { Yes } & \text { Yes } \
\text { B. } & \text { Yes } & \text { Yes } & \text { Yes } \
\text { C. } & \text { Yes } & \text { Yes } & \text { Yo } \
\text { D. } & \text { Yes } & \text { No } & \text { Yes } \
\text { E. } & \text { No } & \text { No } & \text { Yes }
\end{array}$$
A) Choice A
B) Choice B
C) Choice C
D) Choice D
E) Choice E

Question

Which of the following costs should be used when choosing between two decision alternatives? $$\begin{array} { l c c c } 
& \text { Relevant } & \text { Sunk } & \text { Opportunity } \
& \text { Cost } &\text { Cost }  &  \text { Cost }  \
A.&\text { No } & \text { Yes } & \text { Yes } \
\text { B. } & \text { Yes } & \text { Yes } & \text { Yes } \
\text { C. } & \text { Yes } & \text { Yes } & \text { Yo } \
\text { D. } & \text { Yes } & \text { No } & \text { Yes } \
\text { E. } & \text { No } & \text { No } & \text { Yes }
\end{array}$$
A) Choice A
B) Choice B
C) Choice C
D) Choice D
E) Choice E

Quizplus · Accepted Answer

Relevant costs and opportunity costs should be considered when making decisions between alternatives, while sunk costs should be ignored as they cannot be recovered.

Which of the Following Costs Should Be Used When Choosing