Which of the following costs are always irrelevant in decision making?
A) avoidable costs
B) sunk costs
C) opportunity costs
D) fixed costs

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered or changed. These costs are therefore irrelevant in decision making, as the decision cannot change the fact that the costs have already been spent.

Which of the Following Costs Are Always Irrelevant in Decision