If a Firm Has Already Paid or Has Agreed to Pay

question 108

Multiple Choice

If a firm has already paid or has agreed to pay for something we call it

• A) a fixed cost.
• B) a spent cost.
• C) a sunk cost.
• D) a lost cost.

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Definitions:

Iasis

A suffix used in medical terminology to denote a condition, disease, or infestation by a specific pathogen or disease process.

Ectasis

An expansion or dilation of a hollow organ or vessel within the body.

Blasts

Immature cells, particularly seen in the blood or bone marrow, indicating early stages of cell development, often used in the context of leukemia.

Crine

Crine is a suffix used in biology and medicine to denote secreting, related to glands and substances they release, such as endocrine (hormone-secreting) or exocrine (substance-secreting through ducts).