True/false
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Opportunity costs are not found in accounting records because they are not relevant to decisions.
False
True or false: In a sell or process decision, either all joint products must be processed or all must be sold.
False
True or false: The accounting depreciation of an existing asset is relevant to decisions.
False
When estimating the cost of taking a 300 mile trip, the average cost per mile × 300 is the best way to evaluate the total cost.
False
In the context of decision making, every decision involves choosing from among at least two alternatives.
True
True or false: Mingling irrelevant and relevant costs may cause confusion and distract attention from critical information.
True
