A Sunk Cost Is

question 40

Multiple Choice

A sunk cost is

• A)a cost that may be saved by not adopting an alternative.
• B)a cost that may be shifted to the future with little or no effect on current operations.
• C)a cost that cannot be avoided because it has already been incurred.
• D)a cost which does not entail any pound outlay but which is relevant to the decision-making process.

Understand the atheoretical nature of microskills and their application across various counseling theories.

Identify feelings and emotions accurately from client communication.

Distinguish between open and closed questions and their usage in counseling sessions.

Understand the utility of eye contact and vocal tone in establishing a therapeutic alliance.

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Definitions:

Permanent Accounts

Financial accounts whose balances are carried over into the next accounting period, including assets, liabilities, and equity accounts.

Real Accounts

Accounts that represent assets, liabilities, and equity, which are not closed at the end of the accounting period and carry over their balances.

Permanent Accounts

Accounts in the general ledger that are not closed at the end of an accounting year and whose balances are carried forward to the next year.

Balance Sheet Accounts

Accounts that report the financial position of a company, including assets, liabilities, and shareholders' equity, at a specific point in time.