Which of the Following Statements About Sunk Costs Is True

question 154

Multiple Choice

Which of the following statements about sunk costs is true?

• A) Sunk costs do not differ between decision alternatives.
• B) Sunk costs are the results of past decisions.
• C) Sunk costs are never relevant to decisions, except for tax considerations.
• D) All of the above

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Definitions:

P. Aurelia

A species of single-celled ciliate protozoa that is often studied in genetics and biology.

Mimicry

An evolutionary pattern in which one species becomes more similar in appearance to another.

Hoverflies

Flying insects that belong to the family Syrphidae, known for their ability to hover in place and are important as pollinators.

Uncanny Resemblance

A striking similarity or likeness between individuals, objects, or scenarios that is often surprising or eerie due to its precision.