Which One of the Following Costs Was Incurred in the Past

question 15

Multiple Choice

Which one of the following costs was incurred in the past and cannot be recouped?

• A)incremental
• B)side
• C)sunk
• D)opportunity
• E)erosion

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Definitions:

Recognition Strike

A strike action undertaken by workers to compel an employer to recognize their union as the official bargaining agent.

Bargaining Agent

An individual or organization designated to represent and negotiate on behalf of a group, typically employees in discussions with their employer.

Employees

Individuals who are hired by an employer to perform specific jobs in exchange for compensation.

Unemployment Rate

The percentage of the labor force that is unemployed and actively seeking employment.