A Cost That Has Already Been Incurred and Is Irrelevant

question 63

Short Answer

A cost that has already been incurred and is irrelevant for decision-making purposes is called a(n)----------cost.

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Definitions:

Valid

Having a sound basis in logic or fact; accurately representing the truth or reality.

Performance Appraisal

A process by which an employee's job performance is evaluated, typically by their supervisor, to provide feedback, identify areas for improvement, and guide decisions regarding promotions, pay raises, and development opportunities.

Managers

Individuals within an organization responsible for directing and overseeing the work of others, making strategic decisions, and ensuring goals are met.

Performance Appraisals

The systematic evaluation of an employee's job performance and productivity in relation to pre-established criteria and organizational objectives.