1. Which one of this is not part of the characteristics of relevant information:

Select one:

A. Timeliness vs accuracy

B. Is different under competing courses of action

C. Quantitative vs qualitative

D. Past information

2. In identifying relevant costs and benefits, opportunity costs are:

Select one:

A. The potential benefit give up when the choice of one action precludes a different action

B. Costs that already been incurred and irrelevant to any future decisions.

C. The additional costs that arise from choosing one course of action over another.

D. Those incremental costs that will be incurred if a particular course of action is selected.