What Are Sunk Costs

question 102

Multiple Choice

What are sunk costs?

• A)Permanent losses of resources incurred as the result of cognitive biases in decision making
• B)Temporary losses of resources incurred as the result of not making a decision
• C)Permanent losses of resources incurred as the result of not making a decision
• D)Temporary losses of resources incurred as the result of a decision
• E)Permanent losses of resources incurred as the result of a decision

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Definitions:

Cognitive Triad Theory

A model in cognitive therapy that focuses on an individual’s negative evaluations of themselves, their world, and their future.

Biochemical Characteristics

Molecular and chemical properties of biological systems, such as enzymes, hormones, and other substances.

Cognitive Characteristics

Refers to mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Life Stressors

Events or conditions in one's life that cause stress, such as job loss, relationship problems, or financial difficulties.