Which of the following costs should be ignored when choosing among alternatives?
A)Opportunity costs.
B)Sunk costs.
C)Out-of-pocket costs.
D)Differential costs.
E)None of thesE.

Question

Quizplus · Accepted Answer

Sunk costs should be ignored when making decisions about future alternatives because they are already incurred and cannot be recovered. Instead, decision-makers should focus on relevant costs, such as opportunity costs, out-of-pocket costs, and differential costs.

Which of the Following Costs Should Be Ignored When Choosing