Costs that behaves as irrelevant costs in process of decision making are classified as

A. past costs

B. future costs

C. expected costs

D. sunk costs

Answer: Option A

Solution(By Examveda Team)

Costs that behaves as irrelevant costs in process of decision making are classified as past costs. A past cost is money that has already been spent. These funds cannot be recovered, so the related cost is irrelevant for decision-making purposes. A past cost is also known as a sunk cost.