The cost which has already been incurred and cannot be avoided by decisions taken in the future is :

CS Executive · Cost and Management Accounting · PYQS · June 2019
The cost which has already been incurred and cannot be avoided by decisions taken in the future is :
(A) Fixed cost
(B) Sunk cost
(C) Opportunity cost
(D) Imputed cost

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost Concepts

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