________ cost is money invested in the past which is not retrievable in the present.
A) Opportunity
B) Sunk
C) Product
D) Explicit

Question

Quizplus · Accepted Answer

Sunk cost refers to past expenses or investments that cannot be recovered in the present/future. Option A (Opportunity cost) is the cost of the next best alternative forgone while making a choice. Option C (Product cost) refers to the sum of all costs incurred in producing a product or delivering a service, and Option D (Explicit cost) is a measurable and documented cost incurred in business operations.

________ Cost Is Money Invested in the Past Which Is