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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define sunk cost.
💡 Hint: Think about costs related to past expenses that you cannot get back.
Question 2
Easy
Give an example of a sunk cost.
💡 Hint: Consider expenses that cannot be refunded.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What are sunk costs?
- Recoverable costs
- Lost future benefits
- Costs that cannot be recovered
💡 Hint: Think about expenses that can't be refunded.
Question 2
True or False: Sunk costs should influence current decision-making.
- True
- False
💡 Hint: Focus on what's recoverable for future choices.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have invested $15,000 in a startup that is losing money each month. Assess the importance of recognizing the sunk cost in deciding whether to continue investing or shut down the startup.
💡 Hint: Focus on the startup's future earning potential rather than the past loss.
Question 2
A company decides to continue production of a popular product even though market trends show a decline in demand. They reference the heavy advertising costs already incurred. Analyze the decision considering sunk costs.
💡 Hint: Consider potential future income instead of past investment.
Challenge and get performance evaluation