Multiple Choice
You spent $500 last week fixing the transmission in your car. Now, the brakes are acting up and you are trying to decide whether to fix them or trade the car in for a newer model. In analyzing the brake situation, the $500 you spent fixing the transmission is a(n) _____ cost.
A) opportunity
B) fixed
C) incremental
D) sunk
Correct Answer:
Verified
Correct Answer:
Verified
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