Fill in each of the blanks below with the correct term.

1. A-arises from a past decision and cannot be avoided or changed; it is irrelevant to future decisions.
2. -refer to the incremental revenue generated from taking one particular action over another.
3. Relevant costs are also knownas_ 4. An_requires a future outlay of cash and is relevant for current and future decision making.
5. An-is the potential benefit lost by taking a specific action when two or more alternative choices are available