Question: A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is called a (

A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is called a(n):
Opportunity cost.
Sunk cost.
Uncontrollable cost.
Out-of-pocket cost.
Incremental cost.
A cost that cannot be avoided or changed because it arises

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. Which of the following costs is not relevant in a special-order decision? A. Direct labor B. Direct materials C. Variable overhead D. Fixed overhead 2. Costs that change across decision...

Q:

A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to current and future decisions, is called a ( n ) : Multiple Choice Uncontrollable cost Incremental...

Q:

A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to current and future decisions, is called a ( n ) : Multiple Choice Out - of - pocket cost. Sunk...

Q:

of $500,000 in a land development project. It uses a discount rate of 9%, what is 16. Gamma Corporation is considering an investment a will yield cash flows of $200,000 for 5 years. The comp the net...

Q:

If a company decides to take a specific course of action and this action causes the company to incur additional costs, these additional costs are called: 1 Multiple Choice O Period costs. Pocket...

Q:

1-4 An opportunity cost: A) Results from past managerial decisions. B) Requires a current outlay of cash. C) Is an unavoidable cost because it remains the same regardless of the alternative chosen....

Q:

Bus 4061 Take Test: [u10q1] Unit 10 Quiz 1 QUESTION 1 A budget is best described as: a.A master control device. b.An informal statement of company future plans usually expressed in monetary terms....

Q:

Bus 4061 Take Test: [u10q1] Unit 10 Quiz 1 QUESTION 1 A budget is best described as: a.A master control device. b.An informal statement of company future plans usually expressed in monetary terms....

Q:

sell 68, The process of analyzing alternative investments and deciding which assets to acquire or is known as A, Planning and control. B. Capital budgeting C. Variance analysis. D, Master budgeting...

Q:

1. An opportunity cost: A. Is an unavoidable cost because it remains the same regardless of the alternative chosen. B. Requires a current outlay of cash. C. Results from past managerial decisions. D....

Q:

Issue Recognition Problems Identify the tax issue or issues suggested by the following situations and state each issue in the form of a question. Mr. and Mrs. JC were married in 1995. This year they...

Q:

Calculate the working capital ratio on the following information: cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation =...

Q:

n early 2004 Donald Trump took thn early 2004 Donald Trump took the idea of using a tournament for hiring executives to a whole new level with the premiere of the TV how The Apprentice On the show a...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...