Asked by Aliyana Shivji on Jun 26, 2024
Verified
A(n)________ arises from a past decision and cannot be avoided or changed; it is irrelevant to future decisions.
Sunk Cost
A cost that has already been incurred and cannot be recovered.
- Differentiate between different types of costs (fixed, variable, relevant, sunk) and their relevance to decision-making.
Verified Answer
MN
Learning Objectives
- Differentiate between different types of costs (fixed, variable, relevant, sunk) and their relevance to decision-making.