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What is meant by sunk cost

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1. What is meant by a sunk cost? Give examples of typical sunk costs for an IT project as well as examples from your personal life. Why is it difficult for people to ignore them when they should?

2. Multinational are characterized by a ____________________. high degree of centralization moderate degree of centralization high degree of decentralization low degree of decentralization

3. Now let's say you hire the former employee of your competitor (without having had that conversation about the laptop or the other proposal) and one day, the new hire dumps a stack of paper on your desk with no explanation. It turns out to be the competitor's proposal. What do you do and why?

Reference no: EM132252340

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