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Why should sunk costs be ignored for decision making?

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  • Why should sunk costs be ignored for decision making?


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Why should sunk costs be ignored ... they should be ignored in making decisions ... Common costs can be ignored for the purposes of decision making ...
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Positive: 71 %
A: A sunk cost is a cost that cannot be recovered or changed and is independent of any future costs a business may incur. Since decision-making only ...
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Positive: 68 %

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WHY SUNK COSTS SHOULD BE IGNORED. ... points out that although economic theory says that it is irrational to consider sunk costs in making decisions, ...
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Positive: 71 %
CHAPTER 3: RELEVANT COST ANALYSIS . ... Including sunk costs in a decision can lead to a ... depreciation expense should be ignored with respect to all ...
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Positive: 66 %
Key Points. Only prospective costs should impact an investment decision. Therefore, sunk costs are not to be considered when deciding whether to undertake ...
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Positive: 52 %
Failing to Ignore Sunk Costs. ... forward which is why sunk costs must be ignored as they ... irrelevant and should be ignored in all future decisions.
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Positive: 29 %

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