ACCT 2301 - Chapter 13. Questions and Answers. Texas Tech University.

ACCT 2301 - Chapter 13. Questions and Answers. Texas Tech University. CH 13  Question 1 0 out of 1 points In short-run decision making, the alternative with the lowest overall cost is always chosen. Selected Answer: [None Given] Answers: True False  Question 2 0 out of 1 points A sunk cost is always relevant. Selected Answer: [None Given] Answers: True False Response Feedback: Rationale: A sunk cost is never relevant.  Question 3 0 out of 1 points Short-run decision making only involves short-run decisions that have nothing to do with the firm's overall strategy. Selected Answer: [None Given] Answers: True False  Question 4 0 out of 1 points Resources that are acquired in advance of usage are flexible resources. Selected Answer: [None Given] Answers: True False  Question 5 0 out of 1 points Depreciation of equipment is an example of a(n) Selected Answer: [None Given] Answers: a. relevant cost. b. opportunity cost.