Sunk Costs Can Be Defined As

Multiple Choice

Sunk costs can be defined as:

A) The costs that have already been incurred and will not change whether or not a project is accepted.
B) The initial, or start-up, costs of a project that cannot be recouped should the new project be implemented.
C) Any and all fixed costs that are incurred as the result of accepting a new project or activity.
D) The costs resulting from losses in current projects due to the implementation of a new project.
E) Any and all costs necessary to implement a new project or activity.