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For each of the following statement select the correct term. 1. Relevant costs are also...

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Accounting

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For each of the following statement select the correct term. 1. Relevant costs are also known as (Click to select) 2. A/An (Click to select) requires a future outlay of cash and is relevant for current and future decision making 3. AAn (Click to select) is the potential benefit lost by taking a specific action when two or more alternative choices are available. 4. AlAn (Click to select) arises from a past decision and cannot be avoided or changed, it is irrelevant to future decisions. 5. (Click to select) refer to the incremental revenue generated from taking one particular action over another For each of the following statement select the correct term. 1. Relevant costs are also known as (Click to select) 2. A/An (Click to select) requires a future outlay of cash and is relevant for current and future decision making 3. AAn (Click to select) is the potential benefit lost by taking a specific action when two or more alternative choices are available. 4. AlAn (Click to select) arises from a past decision and cannot be avoided or changed, it is irrelevant to future decisions. 5. (Click to select) refer to the incremental revenue generated from taking one particular action over another

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