General Studies · Project Appraisal
In Project Appraisal, what is the term used for a past expenditure that has already been incurred, cannot be recovered, and is irrelevant to the current investment decision?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Variable Cost
- 2Sunk Cost✓
- 3Fixed Cost
- 4Opportunity Cost
Correct answer
Sunk Cost
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