A Locked-In Cost Is A(n) ________

question 169

Multiple Choice

A locked-in cost is a(n) ________.

• A) opportunity cost that is fixed in the short run
• B) cost that can be changed in the short run
• C) cost that has not yet been incurred, but based on decisions that have already been made, will be incurred in the future
• D) cost that has been incurred, but based on decisions that have already been made, will be not incurred in the future

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Definitions:

Heading Font

The font style and size used for headings or titles in a document, which is usually larger and more prominent than the body text font.

Form Control

Elements in a graphical user interface that allows users to interact with the application, such as text boxes, buttons, and dropdown lists.

Check Box

A graphical user interface element that allows the user to make a binary choice, typically represented by a box that can be checked or unchecked.

Caption

A brief explanation or description accompanying an illustration, photo, diagram, or chart.