What Are ‘sunk Costs’? Why They Are So Called?

1.	What Are ‘sunk Costs’? Why They Are So Called?
Answer» ‘Sunk COSTS’ are FIXED costs. What is sunk cannot be retrieved. In a SIMILAR MANNER, fixed costs, once incurred, cannot be REVERSED. ‘Sunk costs’ are fixed costs. What is sunk cannot be retrieved. In a similar manner, fixed costs, once incurred, cannot be reversed.

Answer»

‘Sunk COSTS’ are FIXED costs. What is sunk cannot be retrieved. In a SIMILAR MANNER, fixed costs, once incurred, cannot be REVERSED.

‘Sunk costs’ are fixed costs. What is sunk cannot be retrieved. In a similar manner, fixed costs, once incurred, cannot be reversed.

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