A Sunk Cost Is a Past Cost That Can Be

question 14

True/False

A sunk cost is a past cost that can be changed regardless of which future action is taken.

---

Definitions:

Group Pressure

The influence exerted by a group on individual members to conform to the expectations, behaviors, or norms established by the group.

Group Control

The exercise of authority or influence by a person or group over the collective behavior in a group setting.

Idiosyncrasy Credits

The tolerance a person earns over time by conforming to group norms, allowing them more freedom to deviate from expectations without negative consequences.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.