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When does a cost become a relevant cost?
A cost will be referred to as a relevant cost if it affects a decision. In order for a cost to affect a decision, it must have a future incremental effect or otherwise especially on the cash flows (Jae & Joel, 2008).
Why is the cost of college going up?
The cost of obtaining a degree is actually rising even faster since many students are taking longer to graduate. Students who are supposed to be taking 4 years, are taking an average of six years to complete their studies. They are therefore forced to pay for tuition fees for six years instead of the four years that they were supposed to take.
How is a cost related to a decision?
In order for a cost to affect a decision, it must have a future incremental effect or otherwise especially on the cash flows (Jae & Joel, 2008). The incremental effect due to the decision that was made means that expenditure will be incurred by the organization or it can be avoided.
What are the benefits and costs of economic growth?
Economic growth, though resulting in many economic and social benefits to the people in the country, is not without its costs. Firstly it could result in reduced current consumption. To achieve faster growth, firms will probably need to invest more. This will require financing.
Last Update: Oct 2021
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Nekeia
24.10.2021 00:04
Courtesies cost nothing merely pays a lot; courtesies cost cypher but pays letter a lot 'little drops of water brand the mighty ocean'.
The cost of publically funded health aid versus the price of current indemnity premiums is perplexing.
Hobbie
21.10.2021 04:18
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The cost of obtaining a degree is actually rising equal faster since some students are attractive longer to postgraduate.
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27.10.2021 09:08
Good manners begets courtesy is just a gems of practical wisdom.
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