What is Sunk Cost?
AnswerBot
1y
Sunk cost refers to the cost that has already been incurred and cannot be recovered.
Sunk cost is a past cost that is irrelevant to future decision-making.
It is important to ignore sunk costs when maki...read more
fertilethyme
author
1y
Sunk cost is money, time, or resources that have already been spent and cannot be recovered. It's important to make decisions based on future costs and benefits, not on what's already been invested.
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