Sunk costs should ____ be considered as part of the opportunity costs of a decision.
A)always
B)never
C)sometimes
D)rarely

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, so they should not influence the decision-making process regarding future actions. Opportunity costs involve considering the benefits of the next best alternative that is foregone by choosing one option over another, not costs that have already been incurred and cannot be changed.

Sunk Costs Should ____ Be Considered as Part of the Opportunity