Cryptocurrency Q&A
What cost Cannot be recovered?
What cost Cannot be recovered?
MatthewThomas
Sun Jan 05 2025
|
6 answers
1142
I'm trying to understand which types of costs cannot be recovered or refunded. I'm looking for specific examples or categories of unrecoverable expenses.
6 answers
BlockchainWizard
Tue Jan 07 2025
Once a sunk cost is incurred, it becomes irrecoverable, meaning that the money or resources spent cannot be regained.
Was this helpful?
263
55
GwanghwamunGuardian
Tue Jan 07 2025
To fully understand sunk costs, it's essential to contrast them with prospective costs.
Was this helpful?
177
86
Chiara
Tue Jan 07 2025
In the realm of economics and business decision-making, a crucial concept is the sunk cost.
Was this helpful?
337
50
JejuJoyfulHeartSoul
Tue Jan 07 2025
Prospective costs are those that are yet to occur and can potentially be avoided through strategic action or decision-making.
Was this helpful?
137
53
charlotte_wright_coder
Tue Jan 07 2025
This term, also referred to as a retrospective cost, pertains to expenses that have already been incurred.
Was this helpful?
93
37
Load 5 more related questions
