Question

5. A cost incurred in the past and hence irrelevant for current
decisions making is
a) Fixed cost
b) Direct cost
d) Discretionary cost
d) Sunk cost​

Answer 1

Answer:

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Explanation:

Sunk cost​

Answer 2

SUNK COST

A cost incurred in the past and hence irrelevant for current decision making is (D) sunk cost.

GETTING TO KNOW MORE ABOUT SUNK COST:

*  A sunk cost is distinct from future costs that a firm may incur, such as inventory acquisition costs or product price decisions. Sunk expenses are not considered in future business choices since they will remain constant regardless of the decision's outcome.

* Organizations should only evaluate relevant expenses while making business choices. A firm must only evaluate the expenses and income that will change as a result of the option at hand in order to make an educated conclusion. Sunk expenses should not be taken into account because they do not change.