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Explain why it is important to empty the Recycle Bin.
Sunk Costs
Past expenditures that have already been incurred and cannot be recovered or altered by current or future actions.
Decision Making
Selecting a course of action from competing alternatives.
Avoidable Cost
Costs that can be eliminated if a particular decision is made, such as discontinuing a product or service.
Sunk Cost
A cost that has already been incurred and that cannot be changed by any decision made now or in the future.
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