The City of Columbus should not consider the purchase price of its old vehicle when making the decision to replace it with a more cost effective new vehicle.

Name: The City of Columbus should not consider the purchase price of its old vehicle when making the decision to replace it with a more cost effective new vehicle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase price of the old vehicle is a sunk cost and should not influence the decision to replace it, as it cannot be recovered and does not affect future costs or benefits.

The City of Columbus Should Not Consider the Purchase Price