A Cost That Has Already Been Paid,or the Liability to Pay

question 65

Multiple Choice

A cost that has already been paid,or the liability to pay has already been incurred,is a(n) :

• A) salvage value expense.
• B) net working capital expense.
• C) sunk cost.
• D) opportunity cost.
• E) erosion cost.

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Definitions:

Tangible Rewards

Physical or material rewards given for achieving certain goals or accomplishments.

Concrete Details

Specific, clear, and tangible descriptions or facts that support or illustrate a broader concept or argument.

Persuasive Message

A form of communication designed to influence the attitudes, beliefs, or behaviors of others through reasoned arguments and emotional appeals.

Benefit

A benefit or gain obtained from something.