Question: Thomas is the project manager for a software consulting company. The project he is working on has encountered numerous overruns due to regulatory compliance obstacles.

Thomas is the project manager for a software consulting company. The project he is working on has encountered numerous overruns due to regulatory compliance obstacles.

A new bill passed by the government may even make it impossible for the deliverable to be distributed. He suggests to the CEO that it may be in the company’s best interest to end the project and write off the costs they have incurred thus far. What type of cost refers to money already spent?

A. Sunk cost B. Opportunity cost C. Direct costs D. Fixed costs

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