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  9. Q215

RRB Group D (Level-1 posts) 2022 · Question 215 of 598

A cost incurred in the past and that cannot be recovered in the future is called:

  1. AFloating cost
  2. BPrime cost
  3. CEconomic cost
  4. DSunk costCorrect

Answer: D. Sunk cost

Explanation

A sunk cost is a cost that has already been incurred and cannot be recovered, regardless of future decisions.

Source: RRB Group D 2022 Prev. Yr. Paper (17 Aug 2022) (Shift 3) - Prepp · reliable-secondary

← Q214View full paper (598 questions)Q216 →

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