An expenditure that has already been made that cannot be recovered is a(n):
A) sunk cost.
B) accounting outlay.
C) indirect expense.
D) economy of scale.

Name: An expenditure that has already been made that cannot be recovered is a(n): A) sunk cost. B) accounting outlay. C) indirect expense. D) economy of scale.
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Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered. It is not relevant in decision making since it is already in the past and cannot be changed.

An Expenditure That Has Already Been Made That Cannot Be