A Sunk Cost Can Be Described as Which of the Following

question 169

Multiple Choice

A sunk cost can be described as which of the following?

• A)A historical cost
• B)Always irrelevant
• C)Cannot be changed regardless of future actions taken
• D)All of the above

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Definitions:

Manufacturers

Companies or individuals that produce finished goods from raw materials through the use of tools, human labor, and machinery.

Cost-Cutting Initiatives

Measures implemented by an organization to reduce expenses and improve financial efficiency.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period, indicating the company's size and competitiveness in the market.

Diversifying

The strategy of expanding or varying products, services, or markets to reduce risk and increase potential for growth.