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22 A Canadian oil company is considering whether or not to develop a site it has been exploring for the past six months. One of
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A Canadian oil company is considering whether or not to develop a site it has been exploring for the past six months. One of the arguments for developing the site is that considerable time and money have already been expended. This cost should not be included in the capital budgeting decision because it is: O a. An opportunity cost O b. A financing cost C. An agency cost Od. An operating cost A sunk cost Step by Step Solution
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