Multiple Choice
The cost that is incurred as a result of past, irrevocable decisions and is irrelevant to future decisions is called:
A) Opportunity cost
B) Sunk cost
C) Incremental cost
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: When calculating cash flows, it is important
Q7: A project requires an initial investment of
Q8: Which of the following countries allow firms
Q9: If the discount rate is stated in
Q10: A project requires an initial investment of
Q13: Real cash flow occurring in year-2 is
Q14: Net Working Capital is the:<br>I. short-term assets<br>II.
Q15: If the nominal interest rate is 7.
Q16: Equivalent annual cash flows are used whenever
Q18: Briefly explain how the decision to replace