A Sunk Cost Can Never Be Relevant

question 34

True/False

A sunk cost can never be relevant.

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Definitions:

Mnemonic Devices

Techniques a person can use to help them improve their ability to remember something.

Priming

A technique in psychology used to train an individual's memory in both perceptual and conceptual forms.

Serial Position Effect

A cognitive phenomenon where items at the beginning and end of a list are more likely to be remembered than those in the middle.

Effortful Processing

The active process of trying to remember, learn, or understand something, which requires attention and deliberate effort.