Post Utme Afe Babalola University 2020 Commerce Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 10 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A company is considering investing in a new production facility. The company's production team has identified several potential production costs, including fixed costs, variable costs, and sunk costs. Which type of cost is typically incurred even if the company decides not to produce a product?

Answer Options

A. Fixed cost
B. Variable cost
Correct Answer C. Sunk cost
D. Opportunity cost
Correct Answer
C
Correct Option:
Sunk cost

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 10. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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