A cost that has been incurred in the past, cannot be recouped, and is not relevant to future decisions is termed a
A)period cost
B)differential cost
C)sunk cost
D)replacement cost

Name: A cost that has been incurred in the past, cannot be recouped, and is not relevant to future decisions is termed a A)period cost B)differential cost C)sunk cost D)replacement cost
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Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, making them irrelevant to future decision-making processes.

A Cost That Has Been Incurred in the Past, Cannot