A cost that has already been incurred is called a(n)________ cost.
A)indirect
B)sunk
C)relevant
D)opportunity

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered or changed. It is therefore not relevant to future decisions and should not be considered in decision-making. Indirect costs refer to overhead expenses, relevant costs are costs that are applicable to a particular decision or situation, and opportunity costs refer to the potential benefit that is given up when choosing one option over another.

A Cost That Has Already Been Incurred Is Called A(n)________