Sunk Costs Include Any Cost That

question 65

Multiple Choice

Sunk costs include any cost that

• A)will change if a project is undertaken.
• B)will be incurred if a project is accepted.
• C)has previously been incurred and cannot be changed.
• D)will occur if a project is accepted and once incurred,cannot be recouped.
• E)is paid to a third party and cannot be refunded for any reason whatsoever.

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Definitions:

Closed Question

A type of inquiry that limits responses to a simple "yes" or "no" or another very brief and predefined answer.

Hypothetical Open Question

An inquiry that poses a speculative scenario, allowing for expansive and imaginative responses.

Closing Phase

The final stage of a project or process in which objectives are confirmed as met and the project is formally concluded.

Question-Response Phase

A part of a conversation or interaction where questions are asked and answers are provided, facilitating the exchange of information.