Which One of the Following Is an Example of a Sunk

question 79

Multiple Choice

Which one of the following is an example of a sunk cost?

• A)$1,500 of lost sales because an item was out of stock
• B)$1,200 paid to repair a machine last year
• C)$20,000 project that must be forfeited if another project is accepted
• D)$4,500 reduction in current shoe sales if a store commences selling sandals
• E)$1,800 increase in comic book sales if a store commences selling puzzles

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Definitions:

Hitchhiker

A person who travels by getting free rides in strangers' vehicles.

Impression Management

The process by which individuals attempt to control the impressions others form of them, especially in social interactions and presentations.

Dual Nature of the Self

The concept that an individual's identity encompasses both personal aspects (how they see themselves) and social aspects (how others see them).

Dramaturgy

A view of social interaction as if participants were performing on a stage, managing the impression they make to others.