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Why are sunk costs relevant or irrelevant in decision making? Explain why you think they are irrelevant or relevant 2. What are the factors that

Why are sunk costs relevant or irrelevant in decision making? Explain why you think they are irrelevant or relevant

2. What are the factors that make a cost or revenue item relevant? Have you been in a situation where you needed to make this distinction? If so, how did you determine relevancy?

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