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When preparing data for a short term decision, which THREE of the following are relevant costs?
Suggested Answer: A, B, D
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11 comments · newest first
CO
Colby
12 months ago
Opportunity costs are a must to consider!
CA
Cathern
12 months ago
Wait, are committed costs really considered? That seems off.
KE
Kelvin
1 year ago
Unavoidable costs? Not really relevant for short-term decisions.
RO
Rolf
1 year ago
I agree, incremental costs matter too.
SH
Sherman
1 year ago
Differential costs are definitely relevant!
MA
Mari
1 year ago
I feel like I should know this, but I’m torn between unavoidable costs and committed costs. I just remember they don’t really change with decisions.
TR
Tracey
1 year ago
I practiced a similar question last week, and I think differential and incremental costs are both relevant, but I can't recall if committed costs apply here.
DA
Danica
1 year ago
I think opportunity costs are definitely relevant, but I’m a bit confused about unavoidable costs. Aren't they usually considered sunk costs?
EL
Elvis
1 year ago
I remember that relevant costs are those that will change based on the decision made, but I'm not sure about the difference between differential and incremental costs.
LU
Luis
1 year ago
This is a lot to take in, but I feel confident I can come up with a solid approach. I'll need to carefully consider the scale and volume of data involved.
DY
Dyan
1 year ago
Hmm, I'm not totally sure about this one. The options seem a bit similar, so I'll have to think it through carefully. Maybe I should review the material on payment methods again before answering.