A sunk cost is a cost that:
A) has been incurred and cannot be eliminated.
B) is never relevant in decision-making.
C) is never a differential cost.
D)all of the above.

Name: A sunk cost is a cost that: A) has been incurred and cannot be eliminated. B) is never relevant in decision-making. C) is never a differential cost. D)all of the above.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered or changed, making it irrelevant in decision-making and not a differential cost.

A Sunk Cost Is a Cost That