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Case-Based Critical Thinking Questions Case 7-1 Ted knows that macros can be helpful to him in his work with Excel spreadsheets, but he also knows they have their hazards, so he comes to you for guidance about what kind of security settings he should put in place, and at what times. After a year of work, Ted is taking coursework to become a VBA programmer. He is working on developing an application that contains macros. Which should his option be in the Trust Center?
Sunk Cost
A cost that has already been incurred and cannot be recovered or refunded, and thus should not influence future financial decisions.
Book Value
Book value is the net value of a company's assets found on its balance sheet, calculated as total assets minus total liabilities and intangible assets.
After-Tax Salvage
The net value of an asset after subtracting taxes associated with its sale or disposal.
Stand-Alone Principle
A method of evaluating the attractiveness of an investment project by analyzing its cash flows as if it were the only project undertaken by the firm.
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