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Statement 1: Decisions are always forward looking. Statement 2: Categorizing an expense as avoidable or unavoidable cannot be done a priori. Rather, the decision determines
Statement 1: "Decisions are always forward looking."
Statement 2: "Categorizing an expense as avoidable or unavoidable cannot be done a priori. Rather, the decision determines the expense."
Use the concepts of relevant cost and relevant revenue to explain the connection between these two statements. Make up an example to help you explain the connection.
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