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Additional costs incurred if a company pursues a certain course of action are sunk costs. True...

Additional costs incurred if a company pursues a certain course of action are sunk costs.

True or False

TrueFalse

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Answer: False,

This statement is incorrect because sunk cost is a cost that has already been incurred previously on certain project . It is also known as a a standard cost that has already been incurred in an expense and cannot be recovered or avoided. and additional costs are the future cost that have been incurred on certain course of action for some addition or improvement or for any other purpose.

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