The price of your car insurance and driver's licence are expenses that you should consider when deciding whether to drive or take a train to a destination it is irrelevant costs
When you choose one course of action over another, irrelevant expenses are those that won't alter in the future. Sunk expenses, committed costs, and overheads are examples of irrelevant costs since they cannot be avoided. In managerial accounting, the term "relevant cost" refers to avoidable expenses that are only incurred in connection with particular business decisions. The idea of relevant cost is utilised to cut out extraneous information that can make decision-making more difficult. It doesn't come up in conversations or thoughts, either. The reverse is connected, or relevant.
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