Examlex
There are no absolute guidelines for judging __________ in art.
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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