Question: Explain the difference between relevant & irrelevant costs and why it is important to know the difference. We are going to be computing the cost/benefit

Explain the difference between relevant & irrelevant costs and why it

Explain the difference between relevant & irrelevant costs and why it is important to know the difference. We are going to be computing the cost/benefit of various decisions using monetary formulas. What is meant by qualitative factors and how do they enter into the decision making process Explain opportunity cost and give two examples

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