Multiple Choice
A sunk cost is a:
A) cost that cannot be changed and is therefore not relevant to decision making.
B) fixed cost.
C) cost which may be saved by not adopting an alternative.
D) potential benefit forgone.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: Top managers of Arctic Cruises are alarmed
Q26: Which of these is not relevant in
Q27: The difference in total costs between two
Q28: Which of these is irrelevant in the
Q29: What amount must be deposited today at
Q31: The point in the production process at
Q32: If $100 is invested at 6%, which
Q33: Which of these is not an advantage
Q34: An increase in the discount rate:<br>A) will
Q35: In incremental analysis estimated future costs that