Ask Question
11 May, 15:24

A sunk cost is A. a past cost that cannot be recovered. B. the cost for drilling certain types of wells, such as a well for water. C. a cost that is highly relevant for decisionminusmaking. D. an opportunity cost.

+5
Answers (2)
  1. 11 May, 16:06
    0
    A. a past cost that cannot be recovered

    Explanation:

    A sunk cost is an irrecoverable cost or money that has been incurred or paid, such cost is not to be given though to especially when making future business decisions because it cannot be recovered.

    Sunk cost can be calculated as purchase of materials minus the depreciation or usage
  2. 11 May, 18:58
    0
    The correct answer is letter "A": a past cost that cannot be recovered.

    Explanation:

    Sunk costs are incurred in the past, irrespective of future events, and can not be recovered. Economists teach that sunk costs should not be taken into account when making a financial decision. Instead, the decision-makers should consider only future costs.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A sunk cost is A. a past cost that cannot be recovered. B. the cost for drilling certain types of wells, such as a well for water. C. a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers