A cost that should be ignored when evaluating a project because that cost has already been incurred and cannot be recouped is referred to as which type of cost?

Question

Quizplus · Accepted Answer

A cost that has already been incurred and cannot be recouped is called a sunk cost. It should be ignored when evaluating a project because it cannot be recovered or changed. Therefore, the correct option is E, sunk.

A Cost That Should Be Ignored When Evaluating a Project