Distinctions between sunk costs and opportunity costs
i. Define sunk costs and opportunity costs.
ii. 'Information about sunk costs generally can be found in the accounting system; however, information about opportunity costs rarely is found in the accounting records.' Do you agree with that statement? Explain why or why not.

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The Answer of Distinctions between sunk costs and opportunity costs
i. Define sunk costs and opportunity costs.
ii. 'Information about sunk costs generally can be found in the accounting system; however, information about opportunity costs rarely is found in the accounting records.' Do you agree with that statement? Explain why or why not.

Distinctions Between Sunk Costs and Opportunity Costs