Multiple Choice
A sunk cost is:
A) a cost which may be saved by not adopting an alternative.
B) a cost which may be shifted to the future with little or no effect on current operations.
C) a cost which cannot be avoided because it has already been incurred.
D) a cost which does not entail any dollar outlay but which is relevant to the decision-making process.
Correct Answer:
Verified
Correct Answer:
Verified
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