Two Years Ago, a Company Spent $450,000 on a Consulting

question 142

Multiple Choice

Two years ago, a company spent $450,000 on a consulting study that focused on the technology of the firm's operations. Now it appears that technology is noncompliant with existing regulations. New technology must replace the old project. The $450,000 would represent:

• A) an opportunity cost
• B) an operating expenditure
• C) a sunk cost
• D) a revised cost

---

Definitions:

Positive Attitude

A mental state that reflects optimism and a belief in positive outcomes.

Occupation

A person's profession or main source of income, typically involving specialized training or education.

Values Conflicts

Situations where there are incompatible or opposing personal beliefs, leading to dilemmas or disagreements.

Individual

Pertains to a single person or entity, distinct and separate from others.