Question 1

Why is relevant information so important?

1 point

It trades off with accuracy.

It identifies what information to use in a decision.

It really isn't that important.

It helps improve timeliness.

2.

Sunk costs are often deemed irrelevant to a decision because _____.

1 point

They are avoidable.

They are easy to ignore.

They do not change between decision alternatives.

They only provide you information about the next best option.