Question: Select the correct statement regarding relevant costs and/or revenues. a. To be relevant, a cost or revenue must be future-oriented and must differ between the

Select the correct statement regarding relevant costs and/or revenues.

a.

To be relevant, a cost or revenue must be future-oriented and must differ between the alternatives.

b.

Sunk costs are usually relevant for decision-making purposes.

c.

Differential revenues are expected future revenues that do not vary between the alternatives under

consideration.

d.

Avoidable costs are also known as sunk costs

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