A Sunk Cost Is a Cost That Was Incurred in the Past

question 192

True/False

A sunk cost is a cost that was incurred in the past and cannot be changed regardless of what future action is taken.

---

Definitions:

Indecisive

Characterized by difficulty in making decisions, often resulting in hesitation or delay.

Subordinate Commitment

The dedication and loyalty exhibited by an employee towards their supervisor or the organization they work for.

Emotional Stability

is a personality trait that denotes the ability to remain calm and composed under stress, showing resilience in the face of challenges.

Internal Locus Of Control

A psychological concept referring to individuals who believe they have control over the events in their lives, as opposed to external forces or chance.