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What Is a Sunk Cost—and the Sunk Cost Fallacy? - Investopedia
WEBJun 2, 2024 · A sunk cost is an expense that cannot be recovered by additional spending or investment. Businesses should be careful to exclude sunk costs from future decisions because
Investopedia.comSunk cost - Wikipedia
WEBIn economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. [1] [2] sunk costs are contrasted with prospective costs, which are future costs that may be avoided if …
En.wikipedia.orgSunk Cost - Overview, Examples, Fallacy, Applications
WEBWhat is a sunk cost? A sunk cost is a cost that has already occurred and cannot be recovered by any means. sunk costs are independent of any event and should not be considered when making investment or project decisions.
Corporatefinanceinstitute.comSunk cost | Opportunity Cost, Rational Decision-Making
WEBJul 2, 2024 · sunk cost, in economics and finance, a cost that has already been incurred and that cannot be recovered. In economic decision making, sunk costs are treated as bygone and are not taken into consideration when deciding whether to continue an investment project. An example of a sunk cost would be spending $5 million on building …
Britannica.comUnderstanding Sunk Costs Can Help Everyday Decision-Making
WEBNov 3, 2016 · A sunk cost is a payment or investment that has already been made. It can't be recovered and therefore shouldn't be a factor in decisions.
Online.hbs.eduSunk Cost Dilemma: What It Means, How It Works, and Example - Investopedia
WEBOct 3, 2023 · The sunk cost Dilemma is a formal economic term that describes the emotional difficulty of deciding whether to proceed with or abandon a project when time and money have already been spent,
Investopedia.comWhat is a Sunk Cost? | Definition and Overview | ProductPlan
WEBA sunk cost, sometimes called a retrospective cost, refers to an investment already incurred that can’t be recovered. Examples of sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, or …
Productplan.comHow To Recognize Sunk Costs - Investopedia
WEBApr 18, 2022 · A sunk cost is defined as "a cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business may …
Investopedia.comSunk Costs | Extensive Look With Examples and FAQs
WEBJan 31, 2024 · What are sunk costs? How do they impact decision making? Learn about these and other questions in our comprehensive guide with examples and FAQs.
Financestrategists.comHow Understanding Sunk Costs Can Help Your Everyday …
WEBLet’s talk sunk costs. In business speak, a sunk cost is a payment or investment that has already been made. It can't be recovered and therefore shouldn't be a factor in …
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