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capital budget decision A Canadian oil company is considering whether or not to develop a site it has been exploring for the past six months.

capital budget decision

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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 agency cost O b. An opportunity cost O c. A financing cost O d. An operating cost O e. A sunk cost

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