Explain the concept of irrelevant costs. How do irrelevant costs relate to decision making?
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Explain the concept of irrelevant costs. How do irrelevant costs relate to decision making?
Irrelevant cost and decision making
?An irrelevant cost is a cost that does not relate to a management decision. It does not impact management decisions in any manner.
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View this answerIrrelevant cost is the cost that doesn't bring about the cash inflow or cash outflow to a business entity upon undertaking any decision. These are...
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Relevant & Irrelevant Costs for Decision-Making
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Chapter 8 / Lesson 1
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Explore relevant and irrelevant costs. Study the definitions and types of relevant and irrelevant costs, and discover examples of relevant costs in decision-making.
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