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Relevant Cost and Irrelevant Cost concepts are very significant for decision making in organizations. Discuss the statement What is Sunk Cost and is it necessary

  1. Relevant Cost and Irrelevant Cost concepts are very significant for decision making in organizations. Discuss the statement
  2. What is Sunk Cost and is it necessary for decision making?
  3. What is meant by make or buy decision? Use an example to explain how make or buy decisions are made?
  4. Kindly type your response in order for me to copy and paste

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