Question 1 2 pts Sun, Penumbra, and Corona Consultants, LLP has been contacted by a client in Paris that requested immediate help identifying a fix for a problem in customer data privacy. Which of the following best describes how the costs for the following activity relate to the decision of whether or not to accept this consulting engagement? Eight employees will each need to spend five nights in Paris. The hotel bill has been negotiated in advance for 6,000. Relevant opportunity cost Irrelevant outlay cost Relevant outlay cost Irrelevant sunk cost Question 2 2 pts The first paragraph is the same as in Question 1. Sun, Penumbra, and Corona Consultants, LLP has been contacted by a client in Paris that requested immediate help identifying a fix for a problem in customer data privacy. Which of the following best describes how the costs for the following activity relate to the decision of whether or not to accept this consulting engagement? The current year's depreciation for the firm's computer systems is $19,000. Relevant outlay cost Relevant opportunity cost Irrelevant sunk cost Irrelevant outlay cost Question 3 2 pts The first paragraph is the same as in Question 1. Sun, Penumbra, and Corona Consultants, LLP has been contacted by a client in Paris that requested immediate help identifying a fix for a problem in customer data privacy. Which of the following best describes how the costs for the following activity relate to the decision of whether or not to accept this consulting engagement? If the firm accepts the Paris engagement, it will have to decline a job in Hong Kong that could provide a net cash inflow of $560,00 after expenses. Irrelevant sunk cost Irrelevant outlay cost Relevant opportunity cost Relevant outlay cost 2 pts Question 4 YouTube https://www.youtube.com The first paragraph is the same as in Question 1. Sun, Penumbra, and Corona Consultants, LLP has been contacted by a client in Paris that requested immediate help identifying a fix for a problem in customer data privacy. Which of the following best describes how the costs for the following activity relate to the decision of whether or not to accept this consulting engagement? The firm's variable overhead is $30 per client hour. Irrelevant outlay cost Irrelevant sunk cost Relevant opportunity cost Relevant outlay cost Question 5 2 pts The first paragraph is the same as in Question 1. Sun, Penumbra, and Corona Consultants, LLP has been contacted by a client in Paris that requested immediate help identifying a fix for a problem in customer data privacy. Which of the following best describes how the costs for the following activity relate to the decision of whether or not to accept this consulting engagement? The firm's annual membership in the American Consultants Society is due next month and is $400 per staff member. Irrelevant outlay cost Irrelevant sunk cost Relevant opportunity cost O Relevant outlay cost
