Cost relevant for decision-making

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What makes a cost relevant for decision-making? Why are fixed costs not relevant for most short-term decisions?

The objective of the theory of constraints is to maximize throughput contribution while minimizing investments and operating costs. The theory of constraints assumes a short-run time horizon. How is this accomplished?

Reference no: EM13114347

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Cost relevant for decision-making : What makes a cost relevant for decision-making? Why are fixed costs not relevant for most short-term decisions?

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