The definition of a sunk cost is
A)a cost that cannot be recovered regardless of what happens.
B)a cost that relates to money poured into the ground.
C)considered the original cost of an item.
D)also known as an opportunity cost.

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered, regardless of future decisions or actions. It is also known as a historical cost.

The Definition of a Sunk Cost Is