Which of the Following Statements Concerning Costs Is Incorrect

Multiple Choice

Which of the following statements concerning costs is incorrect?

A) Costs are treated differently depending on how the information will be used.
B) Out-of-pocket costs include the costs associated with not taking a particular course of action.
C) Any single cost can be classified in more than one way.
D) Costs can be categorized on the basis of relevant or irrelevant costs.