Costs Incurred in the Past That Are Not Incremental to Present

question 46

Multiple Choice

Costs incurred in the past that are not incremental to present decisions are

• A)fixed costs.
• B)sunk costs.
• C)opportunity costs.
• D)variable costs.

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Definitions:

Openness

A trait or quality that involves being receptive to new ideas, experiences, and diverse perspectives, often considered crucial in creative and collaborative environments.

Commitment

A state or quality of being dedicated to a cause, activity, or goal, often demonstrated by persistent effort and determination.

Subsystem Adjustments

Modifications or changes made within a smaller part of an organization's system affecting its functioning or structure.

Chosen Path

The specific direction or course of action selected by an individual or organization to achieve desired outcomes.