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What is meant by Sunk cost? - Commercial Studies

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Question

What is meant by Sunk cost?

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Solution

A cost incurred in the past and cannot be recovered in the future is called a sunk cost.

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Chapter 4: Cost and Revenue Analysis - Model Questions - Part B [Page 97]

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Samacheer Kalvi Economics [English] Class 11 TN Board
Chapter 4 Cost and Revenue Analysis
Model Questions - Part B | Q 27 | Page 97
Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 8 Fundamental Concepts of Cost
EXERCISES | Q 4. | Page 134
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