1. The process of evaluating financial data that change under alternative courses of action is called A) double entry analysis. B) contribution margin analysis. C) incremental analysis. D) cost-benefit analysis 2. Costs that will differ between alternatives and influence the outcome of a decision are A) sunk costs. B) unavoidable costs. C) relevant costs. D) product costs. 3. Incremental analysis would be appropriate for A) acceptance of an order at a special price. B) a retain or replace equipment decision. C) a sell or process further decision. D) all of these. 4. Which of the following is NOT a relevant cost? A) An avoidable cost B) An incremental cost C) A sunk cost D) An opportunity cost 5. An opportunity cost A) should be initially recorded as an asset. B) is the cost of a new product proposal. C) is the potential benefit that may be obtained by following an alternative course action D) is classified as manufacturing overhead