Which of the Following Is an Example of a Sunk

question 138

Multiple Choice

Which of the following is an example of a sunk cost?

• A) after you start watching a movie, the $8 you paid for the ticket
• B) the $100,000 a shoe factory will pay for the leather it uses to make shoes
• C) the electricity purchased by a horse breeder
• D) the $10 being spent on gasoline purchased by a traveling salesperson
• E) the $6,000 Tommy's insurance company pays him after an accident.

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Definitions:

Experimenter Bias

A process where the scientists conducting an experiment influence the results, intentionally or unintentionally, in a direction consistent with their hypothesis.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Natural Experiments

Research designs that involve observing the effects of naturally occurring variables or events, as opposed to manipulations made by the researcher.

Quasi-experiments

Research designs that attempt to establish cause-and-effect relationships but lack the element of random assignment to treatment or control groups.