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If you've ever read any stories about Sherlock Holmes, you may remember that he once solved a mystery in which a man died due to injuries sustained from a lion's mane jellyfish. Apparently, the victim encountered this free-floating jellyfish in a pool of water, was stung, and died suddenly. From this information, you can deduce that the victim encountered the jellyfish in what form?
Sunk Costs
These are costs that have already been incurred and cannot be recovered, thus should not affect future business decisions.
Future Costs
Costs that will be incurred in the future as a result of current decisions or plans.
Alternatives
Different options or strategies available to be chosen in decision-making processes.
Future Costs
These are costs expected to be incurred in the future as a result of current or future actions.
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