This Is the Cost Expended That Cannot Be Retrieved on a Product

question 21

Multiple Choice

This is the cost expended that cannot be retrieved on a product or service. It is money already spent that cannot be recovered.

• A) Direct
• B) Indirect
• C) Sunken
• D) Recurring

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Definitions:

Taxed

This pertains to the imposition of a financial charge or levy upon a taxpayer by a governmental organization.

Financial Managers

Professionals responsible for the financial health of an organization, overseeing investment activities and long-term financial planning.

Ethical Investors

Ethical investors focus on investing in companies that adhere to specific ethical or moral guidelines, such as environmental sustainability or social responsibility.

Net Profit

The actual profit after operating expenses, interest, taxes, and depreciation have been deducted from total revenues; it is the bottom line of the income statement.