A Cost That Has Already Been Paid, or the Liability

question 270

Multiple Choice

A cost that has already been paid, or the liability to pay has already been incurred, is a(n) :

• A) Salvage value expense.
• B) Net working capital expense.
• C) Sunk cost.
• D) Opportunity cost.
• E) Erosion cost.

---

Definitions:

F-ratio

A statistical measure that is used to compare the variance among group means in a sample.

Null Hypothesis

The null hypothesis is a default hypothesis that there is no significant effect or difference present, to be tested against the alternative hypothesis.

GPAs

Grade Point Averages (GPAs) are numerical calculations used to assess a student's academic performance, typically on a scale from 0 to 4.0.

F-ratio

A statistical measure used in the analysis of variance (ANOVA) to compare the variability between groups to variability within groups.