Money That a Firm Has Already Spent or Committed to Spend

question 36

Multiple Choice

Money that a firm has already spent or committed to spend regardless of whether a project is taken is called:

• A) Fixed cost
• B) Opportunity cost
• C) Sunk cost
• D) None of the above

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Definitions:

APA

The American Psychological Association, which provides guidelines for the format and style of research papers and publications.

MLA

Modern Language Association. In the context of reporting communication research, the abbreviation refers to the MLA Handbook, a style guide.

Chicago

In the context of research reporting, a term referring to The Chicago Manual of Style.

Publication

The act of making content available to the public, typically through printed or digital media.