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3 years ago

What do we call a cost that was already incurred and cannot be recovered in economics?

Business

1 answer:

AleksAgata [21]3 years ago

6 0

Answer:

Sunk Costs

Explanation:

A sunk cost is one that has already been incurred in the past and that cannot be recovered

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when gathering information, which of the following tasks might you need to perform? a. fill out forms, follow procedures, and ap

Keith_Richards [23]

Answer:

Study objects, conduct tests, research written materials, and ask questions

3 0

2 years ago

Read 2 more answers

Suppose that due to a fear that the United States is about to enter a long period of stagnant growth, stock prices fall by 50% o

densk [106]

Answer:

spending would increase

Explanation:

Disposable income is either saved (invested) or spent.

If stock prices are expected to fall, individuals would be less willing to save their income and would prefer to spend their income instead.

As a result, spending would increase

6 0

2 years ago

Brandon has presented the possible requirements for the next sprint. The development team has asked questions and has clarificat

Nezavi [6.7K]

Based on the information given the formal event in which this is dome is :Product backlog refinement.

<h3>What is product backlog refinement?</h3>

Product backlog refinement can be defined as the process in which the development team tend to understand a product as well as how the product should be prioritize.

Product backlog refinement is important as it help to increase efficiency when planning for the next sprint and it as well help the development team to have full understanding of what the outcome of the product will be.

Inconclusion the formal event in which this is dome is :Product backlog refinement.

Learn more about Product backlog refinement here:brainly.com/question/4841869

3 0

2 years ago

If a U.S. citizen could buy £25,000 for $100,000, the rate of exchange for the pound would be

Natalka [10]

Answer:

<u>The rate of exchange for the £ is US$ 4</u>

Explanation:

1. Let's check the information provided to answer the question correctly:

Amount the U.S. citizen want to buy in £ = 25,000

Amount the U.S. citizen will pay in US$ = 100,000

2. Let's calculate the rate of exchange for the British pound £, this way:

Rate of exchange = Amount in US$/Amount in £

Rate of exchange = 100,000/25,000

<u>Rate of exchange = 4 US$ per £</u>

We can also express the rate for the US$, this way:

Rate of exchange = Amount in £/Amount in US$

Rate of exchange =25,000/100,000

Rate of exchange = £ 0.25 per US$

5 0

3 years ago

Which of these is an example of a variable expense calculated in an organizational budget?

Ierofanga [76]

In an organizational budget, variable expenses are the total cost that depended on the amount of goods produced.
Example of variable expenses are:
- Raw material expenses
- Cost of plastic to make a handphone case
- Cost of carrots if the company is selling carrot pies
- etc

8 0

2 years ago