Sunk costs include any cost that:
A) will change if a project is undertaken.
B) will be incurred if a project is accepted.
C) has previously been incurred and cannot be changed.
D) is paid to a third party and cannot be refunded for any reason whatsoever.
E) will occur if a project is accepted and once incurred, cannot be recouped.

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be changed or recovered, regardless of whether a project is accepted or not.

Sunk Costs Include Any Cost That