Question

A cost that has already been incurred and cannot be recovered is known as a:

Q: Answer-A cost that has already been incurred and cannot be recovered is known as a:

Sunk costs are historical costs that have already been incurred and cannot be changed by any current or future decision. For decision-making purposes, sunk costs are irrelevant and should not be considered.

A Opportunity Cost

B Sunk Cost

C Incremental Cost

D Imputed Cost

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A cost that has already been incurred and cannot be recovered is known as a:

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