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Sunk costs
This is considered to be an incentive problem and is distinct from a sunk cost problem. ... Sunk costs should not affect the rational decision-maker's best choice . |
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Sunk Cost Definition | Investopedia
A sunk cost was incurred in the past, is independent of future events and cannot be recouped. Economists teach that sunk costs should not be considered when ... |
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What is sunk cost? definition and meaning - BusinessDictionary.com
Definition of sunk cost: Money already spent and permanently lost. Sunk ... if any) or totally irretrievable and, therefore, should be considered irrelevant to futu... |
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What is a sunk cost? - Questions & Answers - AccountingTools
A sunk cost is a cost that an entity has incurred, and which it can no longer recover by any means. Sunk costs should not be considered when ... |
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Sunk Costs: Definition & Examples - Video & Lesson Transcript ...
Decision-making in a company is naturally linked to budgeting and costs. It's a common business tenet that sunk costs should never be considered a relevant ... |
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What are sunk costs in accounting? - Simplestudies.com
That is, when evaluating multiple alternatives, sunk costs should not be considered. Sunk costs are unavoidable and do not matter at that point. |
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What is sunk cost (SC)? - Definition from WhatIs.com - SearchCIO
A sunk cost is money that has already been spent and cannot be recovered. ... because sunk costs will not change -- no matter what actions are taken -- they should not play ... money spent on legacy IT systems is often considered a sunkcost. |
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Why You Should NOT Factor Sunk Costs Into A Decision About A ...
Today on MBA Mondays we are going to talk about another form of costs; SunkCosts. Sunk Costs are time and money (and other resources) ... |
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Sunk Costs - Boundless
Only prospective costs should impact an investment decision. Therefore, sunkcosts are not to be considered when deciding whether to undertake a project. |
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Is the Sunk Cost Fallacy Actually Smart Business? - Kellogg Insight
Any student of economics knows this basic rule, which states that rational agents should not take irrecoverable or “sunk” costs into account ... |