Archive for April 10th, 2008
Sunk Costs
10 April 2008I knew business school would come in handy someday. Let’s talk Finance!
One of my favorite professors spoke often about sunk costs, a concept with which I was familiar, but never really comprehended. As defined by Econterm:
“Sunk costs are unrecoverable past expenditures. These should not normally be taken into account when determining whether to […]