Consider the Following Statements About the Total-Cost and the Incremental-Cost

Multiple Choice

Consider the following statements about the total-cost and the incremental-cost approaches of investment evaluation:
I. Both approaches will yield the same conclusions.
II. Choosing between these approaches is a matter of personal preference.
III. The incremental approach focuses on cost differences between alternatives.
Which of the above statements is (are) true?

A) I only.
B) II only.
C) III only.
D) II and III.
E) I, II, and III.