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

question 157

True/False

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

---

Definitions:

Support

The assistance or resources provided by individuals, groups, or organizations to help achieve a particular goal.

High Performance

Describes systems, organizations, or individuals that achieve superior results relative to their goals or benchmarks.

Teamwork

Working together as a group to reach a mutual goal or to finish a task in the most efficient and effective way possible.

Departments

Divisions within an organization, each focusing on a specific area of function, such as marketing, finance, or human resources.