Sunk costs must be ignored in engineering economic decision making as sunk costs are money
already spent and do not have any consequence on decision making.

Name: Sunk costs must be ignored in engineering economic decision making as sunk costs are money already spent and do not have any consequence on decision making.
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Question

Quizplus · Accepted Answer

Sunk costs are past expenses that cannot be recovered and should not influence current or future economic decisions, as they do not change regardless of the outcome of the decision.

Sunk Costs Must Be Ignored in Engineering Economic Decision Making