A Cost That Has Already Been Incurred and Cannot Be

question 85

Multiple Choice

A cost that has already been incurred and cannot be recovered is known as a(n) _____

• A) sunk cost.
• B) opportunity cost.
• C) direct cost.
• D) implicit cost.
• E) explicit cost.

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Definitions:

Evaluate

To assess or judge the value, nature, or importance of something.

Decimal Equivalents

Numeric values expressed in decimal form that represent fractions, percentages, or other quantities for easier calculations.

Percent Equivalents

Numerical values that represent the same proportions as percentages, allowing for simpler comparisons and calculations.

Decimal Equivalents

Numerical values expressed in decimal form that correspond to fractions or percentages.