A cost that cannot be changed because it arises from a past decision and is irrelevant to future decisions is a. An uncontrollable cost. d. An opportunity cost. b. An out-of-pocket cost. e. An incremental cost. c. A sunk cost.
A cost that cannot be changed because it arises from a past decision and is irrelevant to future decisions is a. An uncontrollable cost. d. An opportunity cost. b. An out-of-pocket cost. e. An incremental cost. c. A sunk cost.
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 1MC: ______ are the costs associated with not choosing the other alternative. A. Sunk costs B....
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A cost that cannot be changed because it arises from a past
decision and is irrelevant to future decisions is
a. An uncontrollable cost. d. An opportunity cost.
b. An out-of-pocket cost. e. An incremental cost.
c. A sunk cost.
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