Money That the Firm Has Already Spent or Is Committed

question 28

Multiple Choice

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

• A) sunk cost.
• B) opportunity cost.
• C) erosion.
• D) fixed cost.

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Definitions:

College Graduates

Individuals who have successfully completed a degree program at a college or university.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, rephrased from employment context to a general context.

Physical Strength

The measure of muscle power and endurance that an individual possesses or can exert.

Discriminate

Favoring or discriminating against someone or something based on their association with a specific group, class, or category, instead of evaluating them on their own merits.