Which group of ratios measures a firm's ability to meet ...

B) direct cost. C) fixed cost. D) opportunity cost. Level: Easy LO: 7 Ans: D. 32. The term that refers to costs incurred in the past that are not relevant to a decision is: A) marginal cost. B) indirect cost. C) period cost. D) sunk cost. Level: Easy LO: 7 Ans: D 33. The following costs were incurred in January: ................
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