Which of the following describes a sunk cost?
A) A cost that is not intended to vary with production or sales volume
B) Foregone benefit that could have been realized from the best alternative use of resources
C) Past resources payments that cannot be changed by any current or future decision
D) Costs that can be changed quickly and easily

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered or changed by any current or future decisions.

Which of the Following Describes a Sunk Cost