Expenditures associated with items already purchased,that are irrelevant to future decisions are called:
A)opportunity costs
B)incremental costs
C)sunk costs
D)joint costs

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, making them irrelevant to future decision-making processes. These costs should not influence future business decisions since they cannot be changed or recovered.

Expenditures Associated with Items Already Purchased,that Are Irrelevant to Future