XYZ Co. hires a financial consultant to help evaluate whether or not to launch a new line of perfumed shark attractants. The consultant charges a fee of $10,000, half of which must be paid up-front and half to be paid when the project evaluation is completed. The consultant’s fees can be considered a/an _______ of the project. Select one: a. financing cost b. sunk cost c. opportunity cost d. side effect e. cash outflow
XYZ Co. hires a financial consultant to help evaluate whether or not to launch a new line of perfumed shark attractants. The consultant charges a fee of $10,000, half of which must be paid up-front and half to be paid when the project evaluation is completed. The consultant’s fees can be considered a/an _______ of the project. Select one: a. financing cost b. sunk cost c. opportunity cost d. side effect e. cash outflow
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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XYZ Co. hires a financial consultant to help evaluate whether or not to launch a new line of perfumed shark attractants. The consultant charges a fee of $10,000, half of which must be paid up-front and half to be paid when the project evaluation is completed. The consultant’s fees can be considered a/an _______ of the project.
Select one:
a. financing cost
b. sunk cost
c. opportunity cost
d. side effect
e. cash outflow
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