Question
What is a sunk cost?
Multiple choice question.
A cost incurred in the past that is irrelevant to the capital investment decision process.
A cost that created a significant business loss.
A significant cost that will be incurred at the end of a project's life.
Multiple choice question.
A cost incurred in the past that is irrelevant to the capital investment decision process.
A cost that created a significant business loss.
A significant cost that will be incurred at the end of a project's life.
Answers
GPT-4o mini
The correct answer is:
**A cost incurred in the past that is irrelevant to the capital investment decision process.**
**A cost incurred in the past that is irrelevant to the capital investment decision process.**