Sunk Costs Are Not Part of Opportunity Costs

question 62

True/False

Sunk costs are not part of opportunity costs.

---

Definitions:

Cultural Agility

The ability to understand, respect, and adapt to cultural differences and work effectively in various cultural contexts.

Globalism

The process of integrating nations and peoples politically, economically, and culturally into a cohesive global community.

External-Operational Communication

Communication that occurs between an organization and external parties to facilitate operations and achieve objectives.

Vendors

Vendors are individuals or companies that sell goods or services to other entities, usually in a business-to-business (B2B) context.