Maddox Smith Staff asked 5 years ago

Week 2 Forum

Q

In working out your responses to the Discussion Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies. Distinguish between the different types of costs that were examined this week, such as sunk costs, opportunity costs, and outlay costs. What costs are relevant to decision making? How do managers overcome the natural tendency to consider historical and sunk costs when evaluating business alternatives? Please submit your initial response through the Turnitin submission link below in addition to posting it to the Discussion Board thread.