Question: When using cost data for decision - making, which of the following should be considered? Sunk costs are relevant for future decisions because they have

When using cost data for decision-making, which of the following should be considered?
Sunk costs are relevant for future decisions because they have already been incurred.
The relevant costs are costs that differ across alternatives in the future.
Costs classified as "fixed" can never change.
Costs classified as "variable" will always change with the decision.

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