Chapter 4 The Value of Common Stocks
11. Money that a firm has already spent or committed to spend regardless of whether a project is taken is called: A) Sunk cost . B) Opportunity cost . C) Fixed cost . D) None of the above . Answer: A. Type: Medium. Page: 121. 12. The value of a previously purchased machine expected to be used by a proposed project is an example of: A) Sunk cost ................
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