A sunk cost can be described as which of the following?
A)A historical cost
B)Always irrelevant
C)Cannot be changed regardless of future actions taken
D)All of the above

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered or changed regardless of any future actions taken. It is a historical cost that is always irrelevant when making decisions about future actions. Therefore, all of the above choices are true about sunk costs.

A Sunk Cost Can Be Described as Which of the Following