Asked by
Olivia Helsabeck
on Oct 10, 2024
Verified
Sunk costs are never relevant in decision making.
Sunk Costs
Past expenditures that have already been incurred and cannot be recovered or altered by current or future actions.
Decision Making
Selecting a course of action from competing alternatives.
- Identify the differences between avoidable expenses and sunk costs.
Verified Answer
TN
Learning Objectives
- Identify the differences between avoidable expenses and sunk costs.