A cost that has been incurred in the past and is irrelevant is termed a(n):
A) variable cost.
B) opportunity cost.
C) differential cost.
D) sunk cost.

Name: A cost that has been incurred in the past and is irrelevant is termed a(n): A) variable cost. B) opportunity cost. C) differential cost. D) sunk cost.
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Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been paid and cannot be recovered. Therefore, it is irrelevant in decision-making going forward.

A Cost That Has Been Incurred in the Past and Is