Last year,Perkins Company spent $25,000 on employee training to improve customer service.The cost and time spent on training is considered a(n)________.

Question

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Sunk costs are expenses that have already been incurred and cannot be recovered. The $25,000 spent on employee training by Perkins Company is a sunk cost because it has already been spent and cannot be recovered, regardless of future outcomes.

Last Year,Perkins Company Spent $25,000 on Employee Training to Improve