Sunk costs are important to consider when determining to shut down or to operate a business.

Name: Sunk costs are important to consider when determining to shut down or to operate a business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, so they should not influence the decision to continue or discontinue a business operation; future costs and revenues should be considered instead.

Sunk Costs Are Important to Consider When Determining to Shut