A Sunk Cost Is

question 43

Multiple Choice

A sunk cost is:

• A)a cost which may be saved by not adopting an alternative.
• B)a cost which may be shifted to the future with little or no effect on current operations.
• C)a cost which cannot be avoided because it has already been incurred.
• D)a cost which does not entail any dollar outlay but which is relevant to the decision-making process.

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Definitions:

Interpersonal Relationships

The connections and interactions between two or more people, influenced by communication, social roles, and personal affinities.

Relationship Behaviors

Conduct and interactions in personal or professional relationships that define and affect the nature of the relationship.

Task Behaviors

Activities and actions taken by leaders to help a group achieve its objective.

Process Behaviors

The actions leaders take to ensure that a team's work processes are effective, efficient, and continuously improved.