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Subject - Accounting:

Financial Accounting

MCQ - 175-177

Question:

A cost that has been incurred but cannot be changed by present or future decisions is called:

  1. Sunk cost
  2. Differential cost
  3. Opportunity cost
  4. Differential cost

Correct Answer: A

Explanation:

Sunk cost refers to the cost that has been spent in the past and that cannot be retrieved on product or service in the current period. This cost should not be taken into account while making the decisions by management.

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Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: A cost that has been incurred but cannot be changed by present or future decisions is called: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 175-177.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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