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A cost that has been incurred, or will occur, whether a project is accepted or rejected is a sunk cost.

What is meant by sunk cost?

A sunk cost is a cost that has already been incurred and cannot be recovered in economics and corporate decision-making. Sunk costs and prospective costs future expenses that could be avoided if action is taken are contrasted.

Cash spending that has already been made and cannot be recovered, whether a project is approved or denied, is known as a sunk cost.

An investment that has already been made but cannot be recouped is referred to as a sunk cost, also known as a retrospective cost. Sunk costs in the company include things like marketing, research, installing new software or equipment, paying for workers and benefits, or paying for facilities.

To learn more about sunk cost refer to:

https://brainly.com/question/27962151

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