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In decision making, which of the following statements is (are) true: I. A fixed costs may or may not be sunk costs. II. In all

In decision making, which of the following statements is (are) true:

I. A fixed costs may or may not be sunk costs.

II. In all decision situations, variable costs will always be differential costs.

A.

I only

B.

II only

C.

I and II

D.

None of the options provided

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