Which of the Following Is a Sunk Cost

question 171

Multiple Choice

Which of the following is a sunk cost?

• A)Operating costs for a new vehicle
• B)Trade in value of old vehicle
• C)Purchase price of vehicle to be traded in
• D)Purchase price of new vehicle

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Definitions:

Realistic Action

Practical steps or measures undertaken to achieve a specific goal or resolve a problem, grounded in actual conditions and feasibility.

Bee Population

The number or collective of bees inhabiting a specific area or the globe, often discussed in the context of environmental concerns.

Pay-Cuts

Reductions in the amount of salary or wages paid to employees, often as a cost-saving measure by employers.

Economic Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.