A Cost That Should Be Ignored When Evaluating a Project

question 15

Multiple Choice

A cost that should be ignored when evaluating a project because that cost has already been incurred and cannot be recouped is referred to as a(n) :

• A)fixed cost.
• B)forgotten cost.
• C)variable cost.
• D)opportunity cost.
• E)sunk cost.

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Definitions:

Reinforcement Value

The subjective importance or appeal an outcome has for an individual, which can influence the likelihood of the person performing the behavior leading to that outcome.

Verbal Abusiveness

The use of words to cause harm to a person, including insults, criticisms, or threats, often resulting in psychological pain and distress.

Locus of Control

A psychological concept that refers to how strongly people believe they have control over the situations and experiences that affect their lives.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.