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Answer the following questions: a ) Construct an example of a sunk cost for business decision making. ( 1 0 ) b ) Briefly discuss

Answer the following questions:

)

Construct an example of a sunk cost for business decision making.

(10)

)

Briefly discuss why you think financial reports for investors and managerial reports for managers may or may not differ in their treatment of sunk costs.

(10)

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