A cost incurred in the past and hence irrelevant for current decision making is a. (a). Fixed
Question:
A cost incurred in the past and hence irrelevant for current decision making is a.
(a). Fixed cost
(b). Discretionary cost
(c). Sunk cost
(d). Direct cost.
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The correct answer is c Sunk cost A sunk cost is a cost that has already been incurred and cannot be ...View the full answer
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