7) Research has shown that in framing capital investment decisions past (i.e., "sunk") costs or losses tend to:

A) Have no discernible impact on decisions by managers.

B) Have a slight impact on the decision-making process.

C) Have an impact only when capital funds are limited.

D) Escalate commitment in making capital budgeting decisions.

E) Have a significant impact, but only when dealing with mutually exclusive investment projects.