An Expenditure That Has Already Been Made and Cannot Be

question 39

Multiple Choice

An expenditure that has already been made and cannot be recovered is called a _______ cost.

• A) nonretrievable
• B) floating
• C) sunk
• D) diseconomy of scale

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Definitions:

Patent

A government-granted exclusive right to an inventor to make, use, and sell an invention for a certain number of years.

Collective Mark

A trademark or service mark used by members of a cooperative, association, or other collective group to indicate membership or to distinguish their goods or services from those of non-members.

Regional Origin

The specific geographical area where a product, idea, or species originated or is most commonly found.

Copyright Protection

Legal rights granted to creators over their original works of authorship, including the right to reproduce, distribute, and adapt the work.