Cost That Has Been Incurred in the Past Is Referred

question 89

Multiple Choice

Cost that has been incurred in the past is referred to as

• A)an avoidable cost.
• B)a sunk cost.
• C)an opportunity cost.
• D)a relevant cost.

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Definitions:

Surface Statements

Expressions or remarks that only address superficial aspects without delving into deeper or underlying issues.

Paying Customer

An individual or entity that purchases goods or services from a business.

Internal Customer

An individual or department within an organization that receives services or products from another department or individual in the same organization.

External Customer

Individuals or entities outside of an organization who use or purchase its products or services.