An Unrecoverable Cost That Should Be Disregarded in Any Current

question 199

Multiple Choice

An unrecoverable cost that should be disregarded in any current or future decision is also called a(n) __________ cost.

• A)sunk
• B)explicit
• C)implicit
• D)variable

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Definitions:

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

International Division

Refers to the specialization of countries in particular industries or activities on a global scale.

World Systems Theory

Theory that capitalism is a single world economy and that there is a worldwide system of unequal political and economic relationships that benefit the technologically advanced countries at the expense of the less technologically advanced.

United Nations

A global intergovernmental organization founded in 1945 to promote peace, security, and cooperation among countries.