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Which concept involves unavoidable past expenses?

Which concept involves unavoidable past expenses?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Marginal production expense
  • B Opportunity production cost
  • C Variable production charge
  • D Sunk production cost
Correct Answer: Option D
Explanation:
Sunk costs have already been incurred and cannot be recovered regardless of future decisions.

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