Cost Incurred which has no relevance to future planning is called:

CA Foundation · Business Economics · MTP · June 2024
Cost Incurred which has no relevance to future planning is called:
(A) A. Marginal cost
(B) B. Sunk cost
(C) C. Average cost
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Sunk cost

Topics: Theory of Production and Cost

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