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.
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Quizplus · Accepted Answer

This is the definition of a sunk cost, which is a cost that has already been incurred and cannot be recovered or changed regardless of any future decisions made. Sunk costs should not be considered when making decisions about future investments or actions.

A Sunk Cost Is a Past Cost That Cannot Be