Sunk Costs Include Any Cost That

question 16

Multiple Choice

Sunk costs include any cost that:

• A)will change if a project is undertaken.
• B)will be incurred if a project is accepted.
• C)has previously been incurred and cannot be changed.
• D)will be paid to a third party and cannot be refunded for any reason whatsoever.
• E)will occur if a project is accepted and once incurred,cannot be recouped.

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Definitions:

Executive Powers

The authority granted to the executive branch of a government, including the enactment and enforcement of laws.

Federal Court System

The system of courts organized under the U.S. Constitution and laws of the federal government comprising district courts, courts of appeal, and the Supreme Court.

Administrative Law Judge

A specialized judge who presides over administrative hearings involving disputes between government agencies and those affected by an agency's decisions.

Appellant

A party who appeals a court's decision, seeking a review and reversal from a higher court.