For each of the following statement select the correct term. arises from a past decision and cannot be avoided or changed; it is irrelevant to future decisions refer to the incremental revenue generated from taking one particular action over another. 1. A 2. 3. Relevant costs are also known as 4 A(n) requires a future outlay of cash and is relevant for current and future decision making. 5. A(n) is the potential benefit lost by taking a specific action when two or more alternative choices are available