This refers to that contract between you and an insurance company or a bank in which you make a lump-sum payment or series of payments in either monthly, quarterly, semi-annually or annual, depending on what has been signed and agreed by the bank. O A. Simple interest O B. Compound interest OC. Annuity D. Inflation rate The costs that have occurred in the past and have no importance in the estimates of future costs and revenues related to alternative course of action. n O A. Opportunity cost O B. Indirect cost O C. Sunk cost O D. Recurring cost It is an expression of the increase in the cost of goods and services from one year to the next. This usually is expressed in percentage. O A.Inietter B. Annuity O C. Compound interest D. Simple interest The amount of money paid for the use of borrowed capital or from the money that has been loan. O A. Principal amount O B. Interest C. Interest rate OD. Supply The costs that are repetitive and occur when an organization produces goods or services on a continuing basis. O A Recurring cost O B. Direct cost O C. Sunk cost OD. Opportunity cost