6 Questions
What should not be considered in decisions according to the text?
Sunk costs
In the given example, what becomes an opportunity cost in future decisions?
Trade-in value
What is emphasized as unalterable in future decisions in the given example?
Original transaction
What is the reason for the file not being able to open?
JavaScript is not enabled in the browser
What action is recommended to open the file?
Enable JavaScript and reload the browser
What is indicated as no longer supported in the message?
The version of the browser being used
Test your understanding of sunk costs with this quiz. Learn why sunk costs should not be considered in decision making and how they can impact future opportunities.
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