A sunk cost is a past cost that cannot be changed regardless of which future action is taken.

Name: A sunk cost is a past cost that cannot be changed regardless of which future action is taken.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered or changed, no matter what decision is made in the future. This means that sunk costs should not be factored into the decision-making process when considering future actions or investments.

A Sunk Cost Is a Past Cost That Cannot Be