The Definition of a Sunk Cost Is

question 60

Multiple Choice

The definition of a sunk cost is

• A)a cost that cannot be recovered regardless of what happens.
• B)a cost that relates to money poured into the ground.
• C)considered the original cost of an item.
• D)also known as an opportunity cost.

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Definitions:

Imperative

Something that is necessary or of great importance, often used in the context of commands or duties.

Maxim

A short, pithy statement expressing a general truth or rule of conduct.

Agent's Reasons

Refers to the motivations or underlying reasons that drive an individual's decisions or actions.

Morality

Guidelines that separate commendable from condemnable actions.