Which of the following will always be a relevant cost?


a) Fixed cost

b) Sunk cost

c) Variable cost

d) Opportunity cost

d) Opportunity cost

Business

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Which of the following is not a characteristic decision?

a .they are long term in nature b. they involve choices c. they do not involve trade offs d. all of the above are characteristic of the decision

Business

The Multifibre Agreement is a relatively new part of the WTO's focus on reducing barriers in agricultural trade

Indicate whether the statement is true or false

Business