a cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to…

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):\nmultiple choice\nuncontrollable cost.\nincremental cost.\nopportunity cost.\nout - of - pocket cost.\nsunk cost.

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):\nmultiple choice\nuncontrollable cost.\nincremental cost.\nopportunity cost.\nout - of - pocket cost.\nsunk cost.

Answer

Brief Explanations:

  • Uncontrollable cost: Cost not under manager's control.
  • Incremental cost: Cost from additional activity.
  • Opportunity cost: Benefit lost from choosing one option.
  • Out - of - pocket cost: Current cash - out cost.
  • Sunk cost: Cost from past decision, can't be avoided, irrelevant to current/future decisions.

Answer:

Sunk cost.