The Term That Refers to Costs Incurred in the Past

question 215

Multiple Choice

The term that refers to costs incurred in the past that are not relevant to a decision is:

• A) marginal cost.
• B) indirect cost.
• C) period cost.
• D) sunk cost.

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Definitions:

Sustainable Technologies

Consists of innovative tools, systems, or methods that minimize environmental damage and are resource-efficient, supporting long-term ecological balance.

Ethical Challenges

Situations or decisions within businesses or organizations that involve moral dilemmas or require ethical considerations.

Developmental

Pertaining to the process of growth or improvement over time, often used in the context of personal, social, economic, or biological development.

Environmental Destruction

refers to the extensive damage or deterioration of the natural environment through human activities.