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Kalpana Jethi
on Nov 12, 2024

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A sunk cost is a cost that has already been incurred and that cannot be avoided regardless of what action is chosen.

Sunk Cost

Costs that have already been incurred and cannot be recovered.

  • Identify and distinguish between incurred expenses and potential costs within decision-making scenarios.
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Brock WelshNov 12, 2024
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