Costs That a Firm Has to Endure Even When Its

question 44

Multiple Choice

Costs that a firm has to endure even when its investment turns out to be unsatisfactory are referred to as _____.

• A) switching costs 
• B) replacement costs 
• C) cost overruns 
• D) sunk costs

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Definitions:

Traditional IQ Tests

Standardized assessments designed to measure human intelligence and cognitive abilities based on a fixed set of criteria.

Intellectual Disability

A condition characterized by significant limitations in intellectual functioning and adaptive behavior, appearing before the age of 18.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental disorders by the American Psychiatric Association.

Ethnic Differences

Ethnic differences refer to the variations in customs, values, behaviors, and attitudes among groups of people identified by their shared culture, heritage, language, or national origin.