Sunk costs are monies that have already been spent at the time of the capital project analysis and cannot influence the future regardless of the decisions about the project.

Name: Sunk costs are monies that have already been spent at the time of the capital project analysis and cannot influence the future regardless of the decisions about the project.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sunk costs are past costs that cannot be recovered and are irrelevant to future decision making.

Sunk Costs Are Monies That Have Already Been Spent at the Time