A sunk cost:
A)is a cost that occurs in the present.
B)is not categorized as a cost.
C)is a relevant cost.
D)is a cost that occurred in the past.
E)is expected to occur in the future.

Name: A sunk cost: A)is a cost that occurs in the present. B)is not categorized as a cost. C)is a relevant cost. D)is a cost that occurred in the past. E)is expected to occur in the future.
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Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered, meaning it occurred in the past.

A Sunk Cost