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    Cost Management Study Set 1
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    Exam 2: Cost Concepts, Behaviour, and Estimation
  5. Question
    Past Costs Are Irrelevant for Decision-Making and Possibly Relevant for Predicting
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Past Costs Are Irrelevant for Decision-Making and Possibly Relevant for Predicting

Question 107

Question 107

True/False

Past costs are irrelevant for decision-making and possibly relevant for predicting future costs.

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