Costs that are forever lost after they have been paid are:
A)Production costs.
B)Fixed costs.
C)Sunk costs.
D)Variable costs.

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, regardless of future actions. Once the payment has been made, the cost is gone and cannot be used for any other purpose. Production costs, fixed costs, and variable costs may or may not be sunk costs depending on their status at the time of decision making.

Costs That Are Forever Lost After They Have Been Paid