Question

Expenses which are not actually incurred, but is included for taking managerial decisions are called

Answer 1

Explanation:

Sunk costs are those which have already been incurred and which are unrecoverable. In business, sunk costsare typically not included in consideration when making future decisions, as they are seen as irrelevant to current andfuture budgetary concerns.

Answer 2

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• Sunk costs are those which have already been incurred and which are unrecoverable. In business, sunk costsare typically not included in consideration when making future decisions, as they are seen as irrelevant to current andfuture budgetary concerns.