In any decision making situation,sunk costs are irrelevant and should be ignored.

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered. In decision making, it is important to consider only the future costs and benefits associated with different options. Sunk costs should be ignored because they cannot be changed or undone, and including them in the decision making process can lead to irrational choices.

In Any Decision Making Situation,sunk Costs Are Irrelevant and Should