Sunk costs are irrelevant to decision making.

Name: Sunk costs are irrelevant to decision making.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered. They should not be considered when making decisions about future actions because they do not affect the future costs or benefits of the decision. Only future costs and benefits should be considered in decision making.

Sunk Costs Are Irrelevant to Decision Making