Costs That Have Already Been Incurred and CANNOT Be Avoided

question 70

Multiple Choice

Costs that have already been incurred and CANNOT be avoided are:

• A) Sunk costs
• B) Variable costs
• C) Differential costs
• D) Opportunity costs

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Definitions:

Fish

A member of a group of aquatic, gill-bearing animals that lack limbs with digits, typically moving through water by means of fins.

Concept

A concept embodying the essential traits of what it symbolizes.

Concrete

Referring to real, tangible objects or phenomena, as opposed to abstract concepts or ideas.

Genus

A category of biological classification that ranks above species and below family, used to group species that share common characteristics.