Two Years Ago, a Company Spent $450,000 on a Consulting

Multiple Choice

Two years ago, a company spent $450,000 on a consulting study that focused on the technology of the firm's operations. Now it appears that technology is noncompliant with existing regulations. New technology must replace the old project. The $450,000 would represent:

A) an opportunity cost
B) an operating expenditure
C) a sunk cost
D) a revised cost