A Cost That Should Be Ignored When Evaluating a Project

question 15

Multiple Choice

A cost that should be ignored when evaluating a project because that cost has already been incurred and cannot be recouped is referred to as a(n) :

• A)fixed cost.
• B)forgotten cost.
• C)variable cost.
• D)opportunity cost.
• E)sunk cost.

---

Definitions:

Nonprofit Job Agency

An organization that operates without seeking profit to assist individuals in finding employment, often focusing on those facing barriers to employment.

Taxpayers

Individuals or entities that are required to make payments to a governmental authority based on earned income, property values, or other taxable assets.

Occupational Prestige

The perceived social status or esteem associated with a job or profession.

University Education

Tertiary education provided by universities, involving undergraduate and postgraduate studies for acquiring advanced knowledge and skills.