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    Corporate Finance Study Set 12
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    Exam 8: Net Present Value and Capital Budgeting
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    Money That the Firm Has Already Spent or Is Committed
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Money That the Firm Has Already Spent or Is Committed

Question 28

Question 28

Multiple Choice

Money that the firm has already spent or is committed to spend regardless of whether a project is taken is called a(n) :


A) sunk cost.
B) opportunity cost.
C) erosion.
D) fixed cost.

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