Post Utme Afe Babalola University 2022 Commerce Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2022 Commerce Objective / Multiple Choice
Question 33 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader is considering the purchase of a new piece of equipment for their business. The equipment has a high upfront cost, but it will save the business money in the long run. What type of cost is this?

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 2022 Commerce Question 33. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Commerce examination.

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