You Spent $500 Last Week Fixing the Transmission in Your

question 70

Multiple Choice

You spent $500 last week fixing the transmission in your car.Now,the brakes are acting up and you are trying to decide whether to fix them or trade the car in for a newer model.In analyzing the brake situation,the $500 you spent fixing the transmission is a(n) ________ cost.

• A)opportunity
• B)fixed
• C)incremental
• D)sunk
• E)relevant

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Definitions:

Workweek

A period of seven days typically used to refer to the days on which work is done, usually Monday through Friday in a standard full-time job.

Micrometers

Precision measurement instruments used to measure small distances, thicknesses, or diameters with extremely high accuracy.

Brake Rotor Thickness

The measurement of a brake rotor's width, crucial for effective braking and rotor integrity.

First Impression

The initial perception or judgement formed upon encountering something or someone for the first time.