Which of the Following Is True of Sunk Costs

question 23

Multiple Choice

Which of the following is true of sunk costs?

• A)It is a type of opportunity cost.
• B)It is a type of implicit cost.
• C)It should be ignored when making decisions.
• D)It includes annual costs like payroll,insurance expenses,etc.

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Definitions:

Response Uncertainty

The unpredictability about how a decision or action will be received or what outcomes it will produce.

Course Match

The process of aligning one's academic or professional learning path with their interests, goals, or the requirements of a particular field.

Mark Zuckerberg

The co-founder and CEO of Facebook, a key figure in the development of social media and internet entrepreneurship.

Primary Management Function

The foundational tasks or responsibilities that managers undertake to plan, organize, lead, and control organizations effectively towards achieving goals.