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Topic: Business
Number of pages / Number of words: 4 / 887
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A sunk cost is also referred to as a stranded cost. Sunk costs are unrecoverable past expenditures and should not be considered when deciding to continue or abandon a project. Sunk costs are hard to accept because it is difficult for one to face the fact that a poor decision was made that caused a financial lost...


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Sunk costs are hard to accept because it is difficult for one to face the fact that a poor decision was made that caused a financial lost. One are that is not usually considered when discussing sunk cost is research and Development. The time and expenses placed in the research and development of a product is lost regardless of its outcome...


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