Ask Question
BusinessBusiness
6 July, 04:00

Past costs that are not affected by new decisions are known as

+3
Answers (1)
  1. 6 July, 05:37
    0
    Past costs that are not affected by new decisions are known as sunk costs. Sunk costs do not need to be taken into account when making new decisions because the money associated with it was already lost and it can not be regained. This money is lost by businesses due to bad decisions, such as poor investments.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Past costs that are not affected by new decisions are known as ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following most accurately reflects the concept of depreciation as used in accounting? a. The process of charging the decline in value of an economic resource to income in the period in which the benefit occurred. b.
Answers (1)
Examples of ethical and social problems in the business environment
Answers (1)
The TrunkLine Company will earn $60 in one year if it does well. The debtholders are promised payments of $35 in one year if the firm does well.
Answers (1)
Journalize the following labor-related transactions for Portland Creations at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid.
Answers (1)
Mr. jernigan owns a piece of land on which he grows corn. corn production annually requires $2 comma 0002,000 in seed, $3 comma 0003,000 in fertilizer, and $6 comma 0006,000 in pesticides. mr.
No Answers
New Questions in Business
Measuring the price of gasoline in dollars, an economist calculates the price elasticity of demand to be -.5. What would the price elasticity of demand be if the economist had chosen to measure the price of gasoline in pennies rather than dollars? A.
Answers (1)
If the consumption function is C = 100 + 0.75Y and planned investment spending is 500 , what will be the equilibrium level of output? Ye = $ nothing. (Enter your response as an integer.)
Answers (1)
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Home » Business » Past costs that are not affected by new decisions are known as
Sign Up Forgot Password?