Sunk costs are
A)future costs that have no benefit.
B)relevant costs that have only short-run benefits.
C)target costs.
D)always irrelevant.

Name: Sunk costs are A)future costs that have no benefit. B)relevant costs that have only short-run benefits. C)target costs. D)always irrelevant.
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Question

Quizplus · Accepted Answer

Sunk costs are past costs that have already been incurred and cannot be recovered. They are always irrelevant to decision-making because they cannot be changed or recovered regardless of future actions.

Sunk Costs Are