A cost that has already been incurred and cannot be changed is called a(n):
A)Opportunity cost.
B)Out-of-pocket cost.
C)Joint cost.
D)Sunk cost.

Name: A cost that has already been incurred and cannot be changed is called a(n): A)Opportunity cost. B)Out-of-pocket cost. C)Joint cost. D)Sunk cost.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered or changed. It is important to recognize sunk costs when making decisions, as they should not factor into future decision-making.

A Cost That Has Already Been Incurred and Cannot Be