Sloan owns a small corner market that sells everything from canned goods to small toiletries, milk, cheese, and several other dairy products. If Sloan doesn't sell the perishable items like dairy products by their expiration date, these items must be thrown out and are considered what kind of expense?
A. Reticent
B. Minimum
C. Unrecoverable
D. Recoverable
C. Unrecoverable
The correct answer is C. Unrecoverable
The correct answer is C. Unrecoverable.
To arrive at this answer, we need to understand what happens when Sloan doesn't sell the perishable items like dairy products by their expiration date. In such a situation, these items cannot be sold or used anymore because they have gone bad or expired. As a result, they must be thrown out, leading to a loss for Sloan. This loss is considered an "unrecoverable" expense because there is no way for Sloan to recoup the cost of the unsold and expired perishable items.
Reticent (A) means hesitant or inclined to keep silent, which is not applicable in this context.
Minimum (B) refers to the lowest possible quantity or size, which doesn't apply in this scenario either.
Recoverable (D) means capable of being recovered or regained, which is the opposite of what happens in this case. The expense of throwing out expired items cannot be recovered.
Therefore, the correct answer is C. Unrecoverable.