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Past Costs Are Also Called 'Sunk Costs' Because They Are

question 15

Multiple Choice

Past costs are also called 'sunk costs' because they are ________ and cannot be changed no matter what action is taken.


Definitions:

Franchisers

Businesses that grant licenses to individuals or companies allowing them to operate under the franchiser's brand and sell its goods or services.

Franchising

Franchising is a method of business expansion where a company (franchisor) grants the right to an individual or group (franchisee) to do business using the franchisor's brand and operational model.

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