• Which type of cost do you think is the most important to a company:direct or indirect cost?
• Of your chosen cost (direct or indirect), answer the following:
• Define the cost.
• Give a real-life example.
• Explain why you chose that cost, including advantages and disadvantages in your answer for both.
• Explain opportunity and sunk costs by doing the following:
• Differentiate between opportunity and sunk costs.
• Define both opportunity and sunk cost.
• Give a real-life example of each.
• Explain why both are important to a company.