According to the text,a __________ cost is generally not relevant to current investment decisions.Rather,decision-makers should focus on the time and cost required to complete the project.
A)high
B)fixed
C)sunk
D)variable

Question

Quizplus · Accepted Answer

Sunk cost refers to costs that have already been incurred and cannot be recovered. Since these costs cannot be changed or avoided, they are not relevant to current investment decisions. Instead, decision-makers should focus on the time and cost required to complete the project going forward, which are known as future costs. Therefore, the best choice is C, sunk cost.

According to the Text,a __________ Cost Is Generally Not Relevant