Sunk costs are bygones (i.e., they are unaffected by the decision to accept or reject a project). They should therefore be ignored.

Name: Sunk costs are bygones (i.e., they are unaffected by the decision to accept or reject a project). They should therefore be ignored.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sunk costs have already been incurred and cannot be recovered, regardless of whether a project is accepted or rejected. Therefore, they should not be factored into decision-making regarding the project.

Sunk Costs Are Bygones (I