A sunk cost should be ignored in decisions about future actions.

Name: A sunk cost should be ignored in decisions about future actions.
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Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered. They should not be considered in decisions about future actions since they cannot be changed. Instead, decision-makers should focus on the marginal costs and benefits of future actions.

A Sunk Cost Should Be Ignored in Decisions About Future