Costs that can be considered sunk costs over a fixed period of time are called ____ costs.

A) Opportunity
B) Fixed
C) Incremental
D) Accounting
E) Erosion

Sunk Costs

Costs that have already been incurred and cannot be recovered or altered by any present or future decisions.

Fixed Period

A specified duration of time during which certain conditions or rules are applied or must be followed.

Costs

Expenses incurred in the production and distribution of a product or in the provision of a service.