The Cost of a Computer System Installed Last Year Is

question 121

Multiple Choice

The cost of a computer system installed last year is an example of:

• A)a sunk cost.
• B)a relevant cost.
• C)a differential cost.
• D)an avoidable cost.

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Definitions:

Simple Interest

Interest calculated on the principal portion of a loan or deposit, using a simple calculation that does not compound.

Monthly Basis

An occurrence or calculation that happens every month.

Round Answers

Round Answers indicates the practice of adjusting numerical answers to a specified degree of precision, often the nearest whole number, to simplify presentation or calculation.

Simple Interest

Simple interest is a calculation of interest that does not take into account the effect of compounding. Interest is applied only to the principal over a set period.