Based on the scenario it can be said that the finder's fee would be considered to be a relevant cost for this decision. This type of cost refers to costs that can be avoided but are instead incurred as a consequence to a specific business decision. Which seeing as the fee in this scenario is only incurred if the company decides to buy instead of leasing then it is a relevant cost.
The finders fee charged on High Roller Inc is a Relevant Cost for decision making/
Explanation:
Relevant costs for decision making are expenditure which will be incurred as a result of making a decision. Any costs which would be incurred whether or not the decision is made is relevant to the decision.
The relevant cost concept is extremely useful for eliminating extraneous information from a particular decision-making process.
Also, by eliminating irrelevant costs from a decision, management is prevented from focusing on information that might otherwise incorrectly affect its decision.
Private groups and the news media play important roles in shaping opinions in the marketplace of ideas.
Explanation:
The marketplace of ideas denotes to the thought and belief of the idea that the authenticity of the truth or its acceptance depends upon the level of competition which the ideas have with one another. This is irrespective of the view that the truth has been provided by the government or by any authority.
