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Question Four (10 Points) Choose the correct answer for each of the following: (5 each)...

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Question Four (10 Points) Choose the correct answer for each of the following: (5 each) 1. Which of the following costs can be ignored when making a decision? A. Opportunity costs. B. Differential costs. C. Sunk costs. D. Relevant costs. 2. The term "opportunity cost" is best defined as: A. the amount of money paid for an item. B. the amount of money paid for an item, taking inflation into account. C. the amount of money paid for an item, taking possible discounts into account. D. the benefit associated with a rejected alternative when making a choice

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