Sunk Costs Influence Value Because They Have Already Occurred

question 57

True/False

Sunk costs influence value because they have already occurred.

---

Definitions:

Reward Power

The ability of an individual to influence others by controlling valued resources or rewards.

Performance

The act of carrying out or accomplishing tasks, measured against preset known standards of accuracy, completeness, and speed.

Rewards

Benefits, compensation, or other forms of recognition provided to individuals or groups for their performance and achievements.

Reward Power

The ability of an individual to influence the actions of others by offering or withholding rewards.