Which of the following observations is true?
A) Sunk costs are irrelevant for any future action.
B) Sunk costs should not be ignored when making decisions.
C) Sunk costs are often hidden.
D) Sunk costs can be recovered using corrective measures.

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered. Therefore, they are irrelevant for any future decision-making processes.

Which of the Following Observations Is True