Sunk Costs Are Relevant to Decisions About Business Strategy, as Huge

question 95

True/False

Sunk costs are relevant to decisions about business strategy, as huge amounts of time have been invested in ensuring that the business is set up for success.

---

Definitions:

Skinner

An influential American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Recognition

The cognitive process of identifying previously encountered information from a group of choices.

Cognitive Process

The cognitive process of gaining knowledge and comprehension via thinking, experiencing, and sensory perception.

Familiar

Well known from long or close association.