A Person Who Does Not Ignore a Sunk Cost Increases

question 39

Multiple Choice

A person who does not ignore a sunk cost increases the probability that

• A)the past will influence the future.
• B)the future will influence the past.
• C)the future will be like the past.
• D)there will be no future.
• E)the future will be like the present.

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Definitions:

Dishonored Checks

Checks that a bank refuses to pay or cash, typically because the account holder has insufficient funds.

Dishonor

In the context of finance, refers to the refusal or inability of a party to pay a debt when it is due.

Instrument

A formal legal document, such as a contract, will, promissory note, or warrant, that establishes rights, privileges, or liabilities.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.