A Company Is Planning to Replace an Old Machine with a New

question 8

Multiple Choice

A company is planning to replace an old machine with a new one.Which of the following is a sunk cost?

• A) cost of the new machine
• B) sales price of the old machine
• C) future maintenance costs of the old machine
• D) original cost of the old machine

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Definitions:

Guaranteed Income Supplements

Financial assistance programs provided by governments to supplement income for elderly, disabled, or individuals earning below a certain threshold.

Violent Crime

Refers to criminal activities that involve the use or threat of physical force or violence against persons.

Basic Daily Needs

Essential requirements for human survival and well-being, such as food, water, shelter, and clothing.

Elder Care

The provision of medical, social, personal, and psychological support and services to elderly individuals to ensure their well-being and quality of life.