A cost that has been incurred irrevocably by past actions is a(n):

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered or changed. It is not relevant for future decision-making because it is already spent and cannot be altered. A capital expenditure refers to an expenditure on acquiring an asset or improving the capacity of an existing asset. An incremental cost refers to the additional cost incurred as a result of a particular decision. Fixed costs are costs that do not vary with the level of production or sales.

A Cost That Has Been Incurred Irrevocably by Past Actions