Apply cost principles to business problems

Assignment Help Business Economics

Reference no: EM13858843

For this discussion question, you will apply cost principles to business problems. A sunk cost is one that has already been incurred and cannot be recovered. Economic theory supports that only prospective (or future) costs are relevant to a decision. Provide an example of a sunk cost either from your present employment or personal circumstances. Was the sunk cost completely discarded in the decision making process or was it factored into the analysis?

Reference no: EM13858843

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