When making a decision Blank______ costs and benefits should to be included in the analysis.Multiple choice question.only relevantonly opportunityall only irrelevant
Question
When making a decision Blank______ costs and benefits should to be included in the analysis.Multiple choice question.only relevantonly opportunityall only irrelevant
Solution
The correct answer is "only relevant". When making a decision, it's important to consider all relevant costs and benefits. Irrelevant costs and benefits, which do not change regardless of the decision made, should not influence the decision-making process. Opportunity costs, which represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another, are also relevant costs. However, the question specifically asks for the type of costs and benefits that should be included in the analysis, and the most comprehensive answer is "only relevant".
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