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There Are No Absolute Guidelines for Judging __________ in Art

question 14

Multiple Choice

There are no absolute guidelines for judging __________ in art.


Definitions:

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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