The Definition of a Sunk Cost Is

question 60

Multiple Choice

The definition of a sunk cost is

• A)a cost that cannot be recovered regardless of what happens.
• B)a cost that relates to money poured into the ground.
• C)considered the original cost of an item.
• D)also known as an opportunity cost.

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Definitions:

Accumulated Stock

The total amount of a particular item or asset gathered or amassed over a period.

Stock Dissipation Rate

The rate at which a stock or resource is used up or depleted over time.

Greenhouse Gases

Gases in Earth's atmosphere that trap heat, leading to the greenhouse effect and global warming.

Stock Dissipation Rate

The rate at which a stock resource, like fish in a fishery or trees in a forest, is used up or depleted over time.