Question 5 Determining and evaluating possible courses of action is a step in management's decision-making process. A True B False Question 6 Opportunity costs are costs that have already been incurred and will not be avoided by any future decision. A True B False Question 7 Joint product costs are relevant for any sell-or-process further decisions. A True B False Question 8 In deciding on the future status of an unprofitable segment, management should consider the effect of elimination on the remaining product lines. A True B False Question 9 In incremental analysis fixed costs may not change under alternative courses of action, while variable costs may change. A True B False 1 Point 1 Point 1 Point 1 Point 1 Point