QuestionJuly 29, 2025

A sunk cost arises from a past decision and cannot be avoided or changed. False True

A sunk cost arises from a past decision and cannot be avoided or changed. False True
A sunk cost arises from a past decision and cannot be avoided or changed.
False
True

Solution
4.4(202 votes)

Answer

True Explanation 1. Define Sunk Cost A sunk cost is a cost that has already been incurred and cannot be recovered or changed. 2. Determine the Correct Statement The statement "A sunk cost arises from a past decision and cannot be avoided or changed" accurately describes a sunk cost.

Explanation

1. Define Sunk Cost<br /> A sunk cost is a cost that has already been incurred and cannot be recovered or changed.<br /><br />2. Determine the Correct Statement<br /> The statement "A sunk cost arises from a past decision and cannot be avoided or changed" accurately describes a sunk cost.
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