Sunk Costs Are

question 14

Multiple Choice

Sunk costs are

• A) recoverable.
• B) incremental.
• C) not relevant in capital budgeting.
• D) not deductible for tax purposes.

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Definitions:

Cape Cod

A geographic cape extending into the Atlantic Ocean from the southeastern corner of mainland Massachusetts, in the northeastern United States.

Vagrancy

A condition of homelessness and joblessness, often criminalized, where individuals wander from place to place without a permanent home or lawful employment.

Self-denial

The act of sacrificing one's own desires or needs, often for ethical or religious reasons.