Which of the following statements reflects why sunk costs are irrelevant? (Check all that apply.) The statement is not true – some sunk costs are relevant. Some costs have been committed to, and therefore are unavoidable. Some costs have been incurred already, and therefore do not change across alternatives in some current or future decision. Some costs change depending on how many units are purchased or manufactured.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.