Incurred costs that cannot be changed by any decision and that cannot be recovered best defines
A)fixed costs.
B)sunk costs.
C)failure costs.
D)designated costs.

Question

Quizplus · Accepted Answer

Sunk costs are those costs that have already been incurred and cannot be recovered or changed by any current or future decision. Fixed costs are those costs that remain the same regardless of the level of production or sales. Failure costs and designated costs are not relevant to this definition.

Incurred Costs That Cannot Be Changed by Any Decision and That