Question: 7. An example of a committed fixed cost would be: a. Taxes on real estate. b. Management development programs. c. Public relations costs. d. Advertising

7. An example of a committed fixed cost would be: a. Taxes on real estate. b. Management development programs. c. Public relations costs. d. Advertising programs. 8. A cost incurred in the past that is not relevant to any current decision is classified as a(n): a. Period cost. b. Opportunity cost. c. Sunk cost. d. Differential cost

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