JFZ-Adobe Acrobat Pro DC File Ecit View Window Help Home Tools Sign In +) 123% 1. For purposes of decision making, "relevant" costs are those costs that a. are avoidable when choosing one alternative over the other b. were incurred in the past and resulted in decreased profitability c. will not be incurred in the future, regardless of the alternative chosen d. none of the above correctly support the definition of releva costs 2. Mink & Dicgel, Inc. has four separate departments. Onc is a tutoring department, providing quality GA study support to demanding students. If the tutoring department is closed, the general manager will not be affected because his/her services would still be needed by the remaining departments. If all operations cease, however, this manager would certainly be laid-off. Which of the following is the primary lesson to be learned from this scenario? a. The relevance of costs is context sensitive b. Some sunk costs can be avoided (and would therefore be relevant) c. Opportunity costs are never relevant. d. Quantitative information must be precise and accurate in order to be relevant e. Qualitative information need not be precise because it is never relevant. 3. Which of the following items represents "qualitative" information? a. The original acquison cost of a new machine for operations b. Annual depreciation expense of an existing machine used to manufacture inventory c. The precision tolerance ratings of two machines used in production. d. The impact on production employees when outsourcing the production process Type here to search RENG 338 PM 10/1/2018