Which of the following is a sunk cost?

Type: MCQ • Marks: 1

A. A future cost that can be avoided

B. A variable future cost

C. A past cost that cannot be recovered regardless of the current decision

D. A potential benefit

Explanation

Rational decisions should generally be based on relevant future costs and benefits rather than unrecoverable sunk costs.

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UPSC Principal & Vice Principal Management Finance Administration

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