Question: How is a relevant cost best defined? 1. A historical cost which is part of the companys accounting information system 2. The benefit lost when

How is a relevant cost best defined? 1. A historical cost which is part of the companys accounting information system 2. The benefit lost when choosing one investment option instead of another 3. Costs which a company can not avoid in the short-term 4. A cost which needs to be taken into consideration during the decision-making process

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