Money That a Firm Has Already Spent, or Committed to Spend

question 69

Multiple Choice

Money that a firm has already spent, or committed to spend regardless of whether a project is taken, is called a(n)

• A)fixed cost.
• B)opportunity cost.
• C)sunk cost.
• D)incremental cost.

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Definitions:

TCP/IP

Transmission Control Protocol/Internet Protocol, the fundamental suite of protocols that supports the Internet and most local area networks.

Client/server Computing

A model of computing where a client requests services and resources from a centrally located server, facilitating centralized resource management and operations.

Thin Clients

Computing devices that rely on a connection to remote servers for data processing and storage, offering a lightweight, cost-effective alternative to traditional personal computers.

Extranets

Private networks that extend and provide limited access to a company's information to external partners, suppliers, or clients through the internet.