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Questions and Answers
Which type of cost could not be in a company's accounting records?
Which type of cost could not be in a company's accounting records?
- Opportunity cost (correct)
- Indirect costs
- Sunk cost
- Direct costs
What type of cost represents the money already spent and cannot be recovered?
What type of cost represents the money already spent and cannot be recovered?
- Indirect costs
- Sunk cost (correct)
- Direct costs
- Opportunity cost
Which type of cost includes expenses for rent, utilities, and administrative salaries?
Which type of cost includes expenses for rent, utilities, and administrative salaries?
- Indirect costs (correct)
- Direct costs
- Sunk cost
- Opportunity cost
