Which of the Following Conditions Is Necessary in Order to Consider

question 113

Multiple Choice

Which of the following conditions is necessary in order to consider a cost a sunk cost?

• A)It must have occurred over six months ago.
• B)It must have occurred as a result of the purchase of a fixed asset.
• C)It must have occurred as a result of the purchase of a fixed asset and have no resale value.
• D)It must have occurred as a result of the purchase of a fixed asset and be fully paid for.

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Definitions:

Administrative Regulatory Agency

A governmental body responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Freedom of Information Act Exemptions

are specific categories of information exempted from disclosure under the Freedom of Information Act, including matters of national security, personal privacy, and law enforcement.

National Security

National security refers to the measures taken by a state to ensure its survival, sovereignty, and the protection of its citizens from external and internal threats.

Criminal Investigations

The process of systematically examining a crime, gathering evidence, and identifying suspects.