Sunk Costs Include Any Cost That

question 277

Multiple Choice

Sunk costs include any cost that:

• A) Will change if a project is undertaken.
• B) Will be incurred if a project is accepted.
• C) Has previously been incurred and cannot be changed.
• D) Is paid to a third party and cannot be refunded for any reason whatsoever.
• E) Will occur if a project is accepted and once incurred, cannot be recouped.

---

Definitions:

IDEA

International Data Encryption Algorithm, a symmetric key block cipher used for secure data transmission.

ADA

The Americans with Disabilities Act, legislation in the United States aimed at preventing discrimination against people with disabilities.

HIPAA

The Health Insurance Portability and Accountability Act, a federal law in the United States that sets standards for the protection of sensitive patient health information.

GPS

GPS, or Global Positioning System, is a satellite-based navigation system that allows any user with a GPS receiver to determine their precise location (latitude, longitude, and altitude) anywhere on Earth.