A Cost Incurred in the Past That Is Not Relevant

question 241

Multiple Choice

A cost incurred in the past that is not relevant to any current decision is classified as a(n) :

• A) period cost.
• B) opportunity cost.
• C) sunk cost.
• D) differential cost.

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Definitions:

Purpose

The reason for which something is done or created, or for which something exists.

Meaningful Purpose

The significant and intentional aim or objective that drives an individual's or organization's actions.

Audience Analysis

The process of examining and understanding the characteristics, needs, and preferences of the intended audience of a communication.

Primary Audience

The main group of people that a message, piece of content, or campaign is specifically intended to reach.