Billie Jo sent a letter inquiring about the cost of a piece of equipment for a project she is considering. The cost of the stamp to mail this letter is an example of a(n) _____ cost.

Name: Billie Jo sent a letter inquiring about the cost of a piece of equipment for a project she is considering. The cost of the stamp to mail this letter is an example of a(n) _____ cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of the stamp is a sunk cost because it has already been incurred and cannot be recovered.

Billie Jo Sent a Letter Inquiring About the Cost of a Piece