Sunk Costs Include Any Cost That

question 77

Multiple Choice

Sunk costs include any cost that:

• A)will change if a project is undertaken.
• B)has previously been incurred and cannot be changed.
• C)will be incurred if a project is accepted.
• 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:

Policy Evaluation

A detailed examination of the results, effectiveness, and efficiency of a policy after its implementation.

Outcome Criteria

Standards or benchmarks used to evaluate the effectiveness or success of a program, activity, or intervention.

Cost Reductions

Measures or strategies implemented to decrease the expenses incurred by a business, government, or individual.

Barrier

An obstacle or hindrance that prevents progress or access, which can be physical, psychological, or systemic in nature.