Asked by
Kalpana Jethi
on Nov 12, 2024Verified
A sunk cost is a cost that has already been incurred and that cannot be avoided regardless of what action is chosen.
Sunk Cost
Costs that have already been incurred and cannot be recovered.
- Identify and distinguish between incurred expenses and potential costs within decision-making scenarios.
Verified Answer
BW
Learning Objectives
- Identify and distinguish between incurred expenses and potential costs within decision-making scenarios.