Two Years Ago, a Company Spent $450,000 on a Consulting

question 130

Multiple Choice

Two years ago, a company spent $450,000 on a consulting study that focused on the technology of the firm's operations.Now it appears that technology is noncompliant with existing regulations.New technology must replace the old project.The $450,000 would represent:

• A)an opportunity cost
• B)an operating expenditure
• C)a sunk cost
• D)none of the above

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Definitions:

High Degree

An advanced level of academic achievement, typically a master's or doctorate degree.

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The tension that arises when the demands of work and family roles are incompatible in some manner, making it difficult to fulfill both roles effectively.

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Individuals who work together in the same organization or workplace.

Gang Up

The act of a group collaborating or coming together to intimidate, bully, or forcibly oppose someone or something.